|Public debt to GPP: predicted sustainability in 2012-2014|
|Continues upwards shifts in debt since 2013|
Since 2014 this picture changed fundamentally, but not in the sense that the IMF is still predicting that the debt is still sustainable at the. end of the forecasting period as it is on a downward trend. The difference is that each recent update shows that this downward trajectory is shifting upward, demonstrating that each and every IMF forecast in the last five years has been too optimistic. This implies that serious questions arise about the sustainability of public debt at the world level.