IMF Chief Warns of High Global Uncertainty as Debt Nears 100% of GDP

IMF Managing Director Kristalina Georgieva said on September 1 that the world economy is still facing high uncertainty, with this year's expected 3% growth masking a sharp divergence in performance across countries, according to Jiemian News. She said global public debt is close to 100% of GDP, above the postwar peak and likely to rise further, while inflation declines have stalled in many countries. Georgieva also warned that rising bond yields in major advanced economies are pushing up global interest rates and borrowing costs, and said the future impact of artificial intelligence on productivity and financial stability remains unknown.