Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
The International Monetary Fund (IMF) has projected that the world’s total public debt will exceed $100 trillion for the first time in 2024, driven by increased government spending and slower economic growth. This alarming trend highlights the need for urgent fiscal policy changes as debt levels soar.
Key Findings from the IMF Fiscal Monitor
According to the IMF's latest Fiscal Monitor report, global public debt is expected to reach 93% of global GDP by the end of 2024, approaching 100% by 2030—a significant increase from 89% in 2019. The report warns that current debt projections may underestimate future outcomes due to political pressures favoring higher spending, particularly in the U.S., the world's largest economy.
Political Landscape and Campaign Promises
As the U.S. presidential election approaches, candidates from both parties are proposing new tax cuts and spending initiatives. Republican candidate Donald Trump's plans could add approximately $7.5 trillion to the national debt over ten years, while Kamala Harris, the Democratic nominee, may add about $3.5 trillion. These promises could exacerbate already rising debt levels.
The Need for Fiscal Consolidation
The IMF emphasizes the importance of fiscal consolidation during this period of solid growth and low unemployment. Current efforts, averaging 1% of GDP over the next six years, are inadequate to stabilize debt levels. The report suggests that a cumulative tightening of 3.8% is essential to achieve fiscal sustainability.
Conclusion
With projections indicating a potential rise to 115% of global GDP in a severely adverse scenario, countries like the U.S., China, and several others face significant fiscal challenges. To mitigate these risks, the IMF urges countries to implement credible fiscal plans to enhance resilience against future economic shocks.
