- 3d ago
The International Monetary Fund (IMF) warned that global public debt could reach 100% of global GDP by 2029 under current trends, driven by rising defense spending and contributions from the US and China. This scenario implies entire economic output would go to debt servicing.
- 3d ago
The IMF's debt warning strengthens Bitcoin's long-term appeal as a haven asset, being decentralized and outside traditional finance. Historical precedents like the 2013 Cyprus banking crisis and early 2023 US regional banking turmoil saw Bitcoin rally during TradFi stress.
- 3d ago
The IMF has downgraded its global growth projection for the year to 3.1%, down from 3.4%, citing the economic fallout from the Middle East war.
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