Get the app →
BriefTea logoBriefTea

Every story in sixty words

World · 1 hour ago

Global growth hits 3% despite near-100% public debt

Global growth hits 3% despite near-100% public debt

Global economic growth is expected to hit 3% this year even though oil and gas prices stay high due to the war in the Middle East. Julie Kozack, a spokesperson for the International Monetary Fund, said on Thursday that public debt is nearing 100% of GDP. She also urged central bankers to stick to their price stability mandates as inflation pressures mount.

Reported by Reuters · How we write briefs

Get the app

More briefs

WorldUAE president visits Germany for investment and state talks WorldPakistan delays military response to Houthi attacks, despite new treaty WorldDonald Trump suggests renaming Strait of Hormuz after himself WorldNato stopped Russia using secret subs to destroy undersea cables WorldTrump says Iran war will end after November US elections WorldBrent crude rises above $100 as Iran-US attacks threaten oil supplies More world stories → Browse all stories →