Financial Times: The world’s leading economies need to take “urgent” action to rebuild their public finances, the IMF has warned, as it published forecasts showing leading economies are this year heading for their biggest budget deficits since the Covid-19 collapse.
In its World Economic Outlook, the IMF predicted on Tuesday that government net borrowing by advanced economies would reach 5.2 per cent of GDP this year, the highest since the world was in the grip of pandemic lockdowns in 2021…