IMF Warns of Global Economic Risks from Rising US and China Debt

The International Monetary Fund highlights the potential destabilizing effects of increased public debt in the U.S. and China on global financial stability.

IMF projects U.S. public debt to nearly double by 2053, posing significant risks to global economic health.
Rising U.S. debt levels are expected to exert upward pressure on global interest rates and the dollar, increasing funding costs worldwide.
China and the U.S. are identified as the main drivers of global public debt growth, with potential profound impacts on the global economy.
Experts urge immediate action to address fiscal imbalances to prevent further economic instability.
Public debt levels in other countries also continue to rise, with potential repercussions for global financial markets.