Global government debt on course to hit 100% of GDP by 2029, IMF warns

The GuardianWednesday, October 15, 2025 at 12:45:36 PM
Global government debt on course to hit 100% of GDP by 2029, IMF warns
The International Monetary Fund (IMF) has issued a warning that global government debt is projected to reach 100% of GDP by 2029, marking the highest level since the aftermath of World War II. This alarming trend highlights the increasing financial burdens faced by nations, with the UK among the G20 countries expected to see significant peaks in debt. Understanding these projections is crucial as they could impact economic stability and growth, affecting everything from public services to international markets.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Professional Employees Association escalates job action alongside BCGEU members
NegativeWorld Affairs
The Professional Employees Association, led by executive director Melissa Moroz, has escalated job action, announcing that every government-licensed professional in British Columbia is now on strike. This significant move highlights the growing tensions in labor relations within the province, as it affects a wide range of essential services and raises concerns about the impact on the public and the economy.
Head of CPS faces cross-party pressure to explain China spy trial collapse
NegativeWorld Affairs
The recent collapse of the China spy trial has sparked significant concern among UK lawmakers, with Stephen Parkinson, the director of public prosecutions, facing intense scrutiny from cross-party committees. MI5 has expressed frustration over the dropped charges, highlighting the implications for national security and the integrity of the legal process. This situation raises important questions about the decision-making process behind such critical cases and the potential risks posed by espionage activities.
The Guardian view on UK national security: a case of state failure | Editorial
NegativeWorld Affairs
The recent China spying case has exposed significant flaws in the UK's national security processes, raising concerns about governance and accountability. Instead of engaging in partisan blame, it's crucial to address these deeper issues to ensure the safety and integrity of the nation. This situation matters because it highlights vulnerabilities that could have serious implications for the UK's ability to protect itself from external threats.
Head of IMF says risks in private credit market keep her awake at night
NegativeWorld Affairs
Kristalina Georgieva, the head of the International Monetary Fund, has expressed deep concerns about the rising risks in the private credit market, particularly following the recent collapses of Tricolor and First Brands. She emphasizes the need for countries to remain vigilant and proactive in monitoring these non-bank lending markets, as their instability could have far-reaching implications for global financial health. This situation is critical as it highlights the potential vulnerabilities in the financial system that could affect economies worldwide.
UK economy expands as GDP rises by 0.1% in August ahead of crucial budget
PositiveWorld Affairs
The UK economy has shown signs of growth with a 0.1% rise in GDP for August, driven by strong performances in the manufacturing and health sectors. This growth is particularly significant as it comes ahead of a crucial budget announcement, suggesting a potential shift in economic policy. However, it's worth noting that the Office for National Statistics has revised down the figures for July, indicating that while there is progress, challenges remain. This development is important as it could influence future government decisions on taxation and spending, impacting businesses and households alike.
‘When I was a child, everyone used it’: woman blames Johnson & Johnson talc for her cancer
NegativeWorld Affairs
Sue Rizzello, a woman from the UK, is taking legal action against Johnson & Johnson, claiming that their talcum powder caused her cancer. This case is part of a larger wave of lawsuits where thousands are accusing the company of selling baby powder that allegedly contained asbestos. Rizzello's story highlights the serious health concerns surrounding talcum powder and raises questions about product safety and corporate responsibility, making it a significant issue for consumers and the industry alike.
Labour begins charm offensive to win over MPs sceptical of digital ID plans
PositiveWorld Affairs
The Labour Party is actively engaging with its MPs to gain support for its proposed digital ID scheme, aiming to address concerns and gather suggestions on enhancing public services. This initiative is significant as it reflects the party's commitment to modernizing governance and improving efficiency, which could ultimately benefit citizens by streamlining access to services.
Thatcher nomination papers discovered in garage
PositiveWorld Affairs
Recently discovered nomination papers related to Margaret Thatcher, Britain's first female Prime Minister, are set to be auctioned for an impressive £100,000. This find not only highlights a significant moment in British political history but also reflects the enduring legacy of Thatcher's leadership. Collectors and historians alike are excited about the potential of these documents to shed light on her groundbreaking role in politics.
Thousands in UK sue Johnson & Johnson over talcum powder cancer risks
NegativeWorld Affairs
In a significant legal development, around 3,000 individuals in the UK are suing Johnson & Johnson over alleged cancer risks linked to their talcum powder products. The lawsuit is based on internal memos and scientific reports that have come to light, raising serious concerns about the safety of these products. This case is crucial as it highlights the ongoing debate over consumer safety and corporate responsibility, potentially impacting public trust in major brands.
Rachel Reeves says those with broadest shoulders should pay fair share of tax
NeutralWorld Affairs
Rachel Reeves, the Chancellor of the UK, has emphasized that those with the 'broadest shoulders' should contribute their fair share in taxes as she prepares for a budget announcement next month. This statement comes as she aims to balance the need for increased tax revenue with the desire to keep the UK an attractive place for wealthy individuals. The upcoming budget, set for November 26, is expected to include a mix of tax hikes and spending cuts, which could significantly impact the economy and public services.
UK border chief ‘frustrated’ at French failure to curb small boat crossings
NegativeWorld Affairs
The UK border chief, Martin Hewitt, has voiced his frustration over the French authorities' inability to implement effective measures to stop small boat crossings by asylum seekers. He highlighted that political instability in France is hindering the rollout of more interventionist tactics. This situation is significant as it underscores the ongoing challenges in managing cross-channel migration and the need for cooperation between the UK and France to address this pressing issue.
The longest breath holder and a Virginia creeper: photos of the day – Thursday
NeutralWorld Affairs
Today's photo selection from The Guardian showcases stunning images from around the globe, including the remarkable feat of the longest breath holder and the beauty of a Virginia creeper. These visuals not only capture unique moments but also highlight the diversity of our world, reminding us of the incredible stories that can be told through photography.
Latest from World Affairs
Benfica v Arsenal: Women’s Champions League – live
NeutralWorld Affairs
The Women's Champions League match between Benfica and Arsenal is underway, with Arsenal showing a strong start. Although there haven't been any significant chances yet, the early moments indicate a competitive game. This match is important as it highlights the growing visibility and excitement around women's football, drawing attention to the talent and skill present in the sport.
Trump Says He Will Meet With Putin in Budapest to Discuss End to Ukraine War
PositiveWorld Affairs
Former President Trump has announced plans to meet with Russian President Vladimir Putin in Budapest to discuss a potential resolution to the ongoing Ukraine conflict. This meeting is significant as it could shape future U.S. support for Ukraine, particularly in light of discussions with Ukrainian President Volodymyr Zelensky about new military aid. The outcome of this diplomatic engagement may pave the way for a peaceful resolution and impact international relations in the region.
Australia news live: Ley challenges Albanese over Trump meeting; storm warning for Sydney
NeutralWorld Affairs
In today's news, Liberal leader Peter Dutton is pressing Prime Minister Anthony Albanese to secure tangible outcomes from the Aukus agreement and trade discussions, highlighting the importance of these issues for Australia's future. Meanwhile, independent senator Jacqui Lambie has raised concerns about parliamentary conduct. This matters as it reflects ongoing political tensions and the need for effective governance in Australia, especially in light of international agreements and local challenges.
Secret military files of NATO state dumped at landfill – media
NegativeWorld Affairs
Recent reports reveal that classified military documents belonging to NATO were found discarded at a landfill near an explosives warehouse in Poland. This alarming incident raises serious concerns about security and the handling of sensitive information, highlighting potential vulnerabilities within military operations. The implications of such negligence could be far-reaching, affecting not only NATO's credibility but also international relations and safety.
Depleted Manchester United dig in after Fridolina Rolfö strike to sink Atlético Madrid
PositiveWorld Affairs
Manchester United showcased their resilience by securing a victory against Atlético Madrid, even after losing defender Dominique Janssen to a red card in the first half. Fridolina Rolfö's crucial goal in the 24th minute not only marked a significant moment in the match but also helped the team maintain their perfect record in their inaugural Women's Champions League campaign. This win is important as it highlights the team's determination and ability to perform under pressure, setting a strong tone for their future matches.
Volunteer group joins search for missing Nova Scotia siblings Lilly and Jack Sullivan
PositiveWorld Affairs
A volunteer missing persons group is stepping in to assist in the search for Lilly and Jack Sullivan, siblings who have been missing from rural Nova Scotia for over five months. This development is significant as it brings additional resources and community support to the ongoing efforts to locate the children, highlighting the importance of collective action in such critical situations.