BUSINESS● ELEVATEDOct 7 · Oct 7, 2026, 8:14 AM
IMF chief signals austerity is back as global public debt heads for 100% of GDP
EuroNews [en] · global
IMF chief Kristalina Georgieva has urged heavily indebted governments to tighten their belts and central banks to take a hawkish stance, signalling a return to austerity as the energy shock from the Iran war, record public debt and a credit-fuelled AI investment boom weigh on the global economy.
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