In many countries of the world, public debt has reached its highest level in the last 50 years. This was stated at the World Bank conference by Antonio Spilimbergo, Deputy Director of the IMF Research Department. “Hit the primer”.
According to him, social spending should be the key to solving the debt crisis. Spilimbergo noted that populations vulnerable to poverty face additional challenges, including demographic, technological, climate and financial.
Before this, Russian Finance Minister Anton Siluanov warned at the meeting of the International Monetary and Financial Committee (IMFC) that the debt crisis was a significant risk for the global economy. The head of the Ministry of Finance called on the IMF not to cover up this problem, as the situation is getting worse.
Economist at the beginning of February It has been recommended The United States will “tighten its belts” to combat the debt spiral or take unwelcome measures.
Earlier economists explained Unexpected growth in the US economy.