EconomyIMF chief signals austerity is back as global public debt nears 100% of GDP

IMF chief Kristalina Georgieva urged heavily indebted governments to tighten spending and central banks to maintain a hawkish stance, pointing to a return of austerity. The energy shock from the Iran war, record public debt and a credit-fuelled AI investment boom are weighing on the global economy.

IMFausteritypublic debtglobal economy

Eeuronews★★★★☆2026-10-07 08:14Original