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 Europe’s indebted nations infographic
Graphic charts rising debt levels in four European countries.


Belgium, France, Italy and UK face rising debt challenge

By Ninian Carter

April 29, 2024 - While many European countries are expected to make progress in reining in national deficits, some nations, such as Belgium, France, Italy and the UK, are set to see debt continue to rise.

Europe’s most indebted countries are forecast to see debts rise for many years as they face anaemic growth and rising interest rates.

At a time when most European nations – now free from no-limits spending on Covid-19 measures – will make progress reining in deficits, Belgium, France, Italy and the UK are set to see their national debts rise.

A recent forecast to the year 2029, by the International Monetary Fund (IMF), shows the four countries taking on more debt – leaving their governments in the uncomfortable position of having to cut spending even further or increase taxes.

2024 is a sensitive year for Europe, with elections taking place for the European Parliament and a general election in the UK.

PUBLISHED: 29/04/2024; STORY: Graphic News