IMF says higher bond yields underscore urgency of fiscal consolidation

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., U.S., November 24, 2024. REUTERS/Benoit Tessier/File Photo

BANGKOK: The International Monetary Fund on Wednesday urged advanced economies and others to take urgent action to reduce government spending, cut deficits and reduce debt levels, warning that delays would only make the job harder in coming years.

Rodrigo Valdes, head of the IMF's Fiscal Affairs department, said rising sovereign bond yields were adding to fiscal pressures at a time when average public debt was poised to hit 100% of gross domestic product, the highest seen since World War Two, leaving countries with less margin for delay.

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Sepang F1 Race injected nearly RM950mil into economy, Parliament told

Global economy to decelerate to 3.1% in 2026 in 2026 before recovering to 3.4% in 2027 - IMF

Effects of raising pay without fixing the economy

资料照片：2024年11月24日，美国华盛顿特区，国际货币基金组织（IMF）总部大楼的标志。路透社/Benoit Tessier/资料照片

曼谷：国际货币基金组织周三敦促发达经济体和其他国家采取紧急行动，削减政府开支、削减赤字和降低债务水平，并警告说，拖延只会让未来几年的工作更加困难。

国际货币基金组织财政事务部负责人罗德里戈·巴尔德斯表示，主权债券收益率上升加剧了财政压力，而此时平均公共债务即将达到国内生产总值的 100%，这是二战以来的最高水平，这使得各国回旋余地越来越小。

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国会表示，雪邦F1赛事为经济注入了近9.5亿令吉。

国际货币基金组织预测，2026年全球经济增速将放缓至3.1%，随后在2027年回升至3.4%。

提高工资而不解决经济问题会产生哪些影响？