Global public debt is on track to match the size of the world economy in the coming years, new projections from the International Monetary Fund show. Why it matters: That gloomy fiscal outlook in major economies risks triggering market turmoil around the world.

Global public debt is forecast to exceed $100tn by the end of this year, underscoring the need for tougher action to stabilise borrowing in major economies around the world, the I

Global public debt is expected to reach a record $100 trillion this year, the IMF said Tuesday, warning that the fiscal outlook for many countries may be even "worse than expected."