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  1. The Economist10 min

    Former IMF chief economist Gita Gopinath’s warning for rich world economies

    Gita Gopinath, Mike Bird

    Former IMF Chief Economist Gita Gopinath assessed the global economy from 2019 to 2025, highlighting how emerging markets demonstrated unexpected resilience against the pandemic, war, and inflation thanks to improved fiscal governance and diversified borrowing. Despite this stability, she warned of looming systemic risks including a fragile US financial sector, the opacity of non-bank lending, and a projected global debt-to-GDP ratio exceeding 100% by 2030. Addressing these challenges requires advanced economies to confront structural fiscal imbalances and aging demographics, though necessary adjustments to retirement ages face significant political resistance.