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1. By what year is global public debt expected to approach 100% of global GDP, according to the International Monetary Fund (IMF) report?
The IMF report projects that global public debt will reach 93% of global GDP in 2024 and approach 100% by 2030. This significant increase in debt levels raises concerns about sovereign yield volatility and debt risks. To mitigate these risks, the IMF recommends that countries implement fiscal adjustments between 3.0% and 4.5% of GDP. Additionally, the report introduces a "debt-at-risk" method to assess uncertainties in debt projections, estimating a potential surge to 115% of GDP by 2026 in a worst-case scenario. Effective management of debt levels is crucial for maintaining global economic stability.