"In both economies, public debt is projected under current policies to nearly double by 2053," the IMF said in its Fiscal Monitor, an overview of global public finance developments.
"How these two economies manage their fiscal policies could therefore have profound effects on the global economy and pose significant risks for baseline fiscal projections in other economies."
This story is from the April 18, 2024 edition of Financial Express Mumbai.
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This story is from the April 18, 2024 edition of Financial Express Mumbai.
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