https://www.live-feeds.com/feed/top-economies-heading-for-biggest-budget-deficits-since-covid-imf-warnsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/top-economies-heading-for-biggest-budget-deficits-since-covid-imf-warnshttps://www.live-feeds.com/feed/top-economies-heading-for-biggest-budget-deficits-since-covid-imf-warns#u125041Fri, 16 Oct 2026 07:07:08 +0000Major global economies are heading toward their largest budget deficits since the Covid pandemic, according to warnings issued by the International Monetary Fund. The fiscal deficits for advanced economies are projected to hit 5.2 percent of GDP this year, reaching the highest level recorded since 2021. The International Monetary Fund has urged wealthy nations to reduce borrowing and implement urgent fiscal reforms. Meanwhile, the organization also raised its overall forecast for global economic growth this year while cautioning that mounting debt, inflation risks, and potential market shocks