IMF Warns Global Public Debt Nearing 100% of GDP, Cites Strait of Hormuz Closure as Elevated Energy Market Risk

The International Monetary Fund (IMF) has issued a warning about escalating risks to the global economy as public debt approaches 100% of global GDP, a level not seen since World War II. IMF Managing Director Kristalina Georgieva highlighted widening global imbalances, a slowdown in inflation decline, and rising bond yields. She also specifically noted that the continued closure of the Strait of Hormuz is keeping the risk of an energy-market shock elevated, adding further strain to the global economy.