HDMV - High Debt Hampers Countries' Response To A Fast-Changing Global Economy
By Vitor Gaspar, Director of the IMF's Fiscal Affairs Department, John Ralyea, Senior Economist in the IMF’s Fiscal Affairs Department, and Elif Ture, Economist in the IMF’s Fiscal Affairs Department
Economic growth is slowing, and public debt remains high across the world. Meanwhile, demographic changes and technological advances are reshaping the global economy.
Everyone's opportunities for a good education, along with their job prospects, healthcare, and retirement income, depend on the tax and spending choices governments make as they respond to these challenges.
What should policymakers do?
In the new Fiscal Monitor, we argue