The IMF predicts that net borrowing by advanced economies would reach 5.2% of GDP this year, the highest since 2021. Deficits in China & the US will hit or exceed 8% of GDP in 2026, according to IMF forecasts. https://t.co/g5M6KOLYRo
What will be particularly hard felt will be the large amount (outstanding) of U.S.-denominated debt by non U.S. entities — particularly in light of the strength of the U.S. dollar.
Will this be the next “thing” to be concerned about?
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