Deficits News & Analysis

IMF: Top Economies Face Largest Budget Deficits Since Covid

The International Monetary Fund (IMF) has warned that major economies are expected to experience their largest budget deficits since the Covid-19 pandemic. The warning was issued during the IMF's annual meeting, emphasizing the need for urgent action to restore public finances. The call seeks to address growing fiscal imbalances as governments may face challenges in managing their finances effectively.