IMF: Major economies are on track to record their largest budget deficits since the Covid-19 pandemic.

IMF: Major economies are on track to record their largest budget deficits since the Covid-19 pandemic.

Net borrowing by advanced economies is expected to reach 5.2% of GDP this year, which is the highest figure since 2021.

🔹Financial Times: International Monetary Fund forecasts point to the deterioration of the situation after months of turmoil in the global debt markets.