Global Debt Tops 100% by 2029

The IMF projects government debt worldwide will surpass total global GDP by 2029, the highest ratio since the late 1940s. Rich countries face rising defense and aging‑related costs, limited appetite for tax hikes, and higher long‑term yields that reflect investor caution. — This raises urgent choices about how democracies will finance the state—through fiscal consolidation, inflation/financial repression, or deferred crises.