Global austerity alert: Looming budget cuts in 2021-25 and alternative pathways

The Global Austerity Alert is published by ITUC, Public Services International, Bretton Woods Project, Third World Network, Arab Watch Coalition and IPD/Columbia University.

The analysis of IMF fiscal projections shows that budget cuts are expected in 154 countries this year, and as many as 159 countries in 2022. This means that 6.6 billion people or 85% of the global population will be living under austerity conditions by next year, a trend likely to continue at least until 2025.

Download the working paper.