IMF Fiscal Monitor highlights delicate balancing act of fiscal support without exacerbating existing demand/supply imbalances. Global public debt to ease in 2022 and stabilize at 95% of GDP in the medium-term. Interest rates set to rise at an alarming pace throughout the rest of 2022, raising the cost of borrowing and ultimately increasing debt repayments relative to GDP. IMF World Economic Outlook revised global growth lower, from 4.4% in January’s projection to 3.6% yesterday. IMF open to providing emergency financing to help vulnerable countries deal with food security issues. The previous report focused on pandemic legacies and the conflict in Ukraine. The latest report can be accessed here: https://www.imf.org/en . . .
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