Source: IMF / April 2024 Fiscal Monitor
The global economic and financial outlook has improved in the last six months, said Vitor Gaspar, Director of the IMF’s Fiscal Affairs Department in a press briefing today April 17 in Washington, DC.
Inflation has fallen, financial conditions have eased, and risks to the outlook are balanced. However, many countries continue to struggle with high public debt and fiscal deficits amid new challenges from high real interest rates and dimming medium-term growth prospects.
“Fiscal deficits and debt turn back up in 2023, posting progress recorded in the previous two years. Debt is higher and growing faster than projected before the pandemic. But global aggregates mask stark divergences across countries. On one extreme, rising tr
