The IMF's World Economic Outlook, released October 13, 2026, projected advanced-economy net borrowing at 5.2% of GDP for the year, the highest since 2021, with China and U.S. deficits at or above 8%. The fund reported that 32 economies now account for 95% of global growth, down from 54 in April, and warned that an unwind of AI investment could bleed into other asset markets and weigh on consumption and investment. It reversed its Iran-war growth downgrades and warned emergency energy stocks are depleted. The discussion has since turned to the U.S. holding about a quarter of its debt in short-term instruments, against 10 percent or less for most other G7 countries.