The International Monetary Fund (IMF) forecasts that global public debt will reach $100 trillion by year-end, equating to about 93% of total GDP, primarily driven by excessive spending from the U.S. and China.
The IMF warns this trend could worsen, predicting debt could approach 100% of GDP by 2030, with countries like Brazil, France, Italy, South Africa, and the UK facing significant increases.
Using a “debt-at-risk” framework, the IMF highlights that in worst-case scenarios, debt could spike to 115% of GDP within three years, especially for countries that fail to manage their finances.
Advanced economies have stabilized their debt around 134% of GDP, while emerging markets could see debt rise to 88%. The IMF expresses skepticism about effective fiscal reforms, noting that while easing inflation might provide temporary relief, urgent action is still lacking.
Additionally, rising U.S. interest rates are complicating global debt servicing, leading some BRICS nations to consider alternatives to the dollar.
The IMF also cautions that upcoming elections in 88 countries could lead to increased government spending, further straining fiscal policies as politicians often loosen budgets during election years.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.