US Debt Crisis Worsens as Watchdog Warns of Market Shock on Nostr: Global Debt Crisis and Warnings of Low Growth Amidst Trade War Concerns ...
Global Debt Crisis and Warnings of Low Growth Amidst Trade War Concerns
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#7b8e26cc ver:0.58
Financial author Harry Dent warns of a growing debt crisis in the US, with $27 trillion in debt and deficits since 2008. He predicts a recession in early to mid-next year and emphasizes the need for the economy to detox from excessive debt. The US government is accumulating $1 trillion in debt every 90 days, raising concerns of a fiscal collapse. Major voices in finance, including Jamie Dimon and Jerome Powell, sound the alarm on outsized levels of public debt. The US debt-to-GDP ratio is 121%, while France also faces a debt crisis. The Congressional Budget Office projects US debt to reach $34.4 trillion in five years. Global debt ratios are close to levels not seen since the 1820s, warns Borge Brende of the World Economic Forum. Europe's most indebted governments struggle to reduce borrowing due to political realities. The global economy faces a potential decade of low growth due to soaring debt levels, warns Brende. #DebtCrisis #EconomicCollapse #Recession #GlobalDebt #FiscalCollapse #FinancialWarning...
#newstr #GlobalDebtCrisis #LowGrowth #TradeWar #WorldEconomicForum #Stagflation #GlobalTrade #InternationalMonetaryFund
https://here.news/story/7b8e26cc?ver=0.58
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#7b8e26cc ver:0.58
Financial author Harry Dent warns of a growing debt crisis in the US, with $27 trillion in debt and deficits since 2008. He predicts a recession in early to mid-next year and emphasizes the need for the economy to detox from excessive debt. The US government is accumulating $1 trillion in debt every 90 days, raising concerns of a fiscal collapse. Major voices in finance, including Jamie Dimon and Jerome Powell, sound the alarm on outsized levels of public debt. The US debt-to-GDP ratio is 121%, while France also faces a debt crisis. The Congressional Budget Office projects US debt to reach $34.4 trillion in five years. Global debt ratios are close to levels not seen since the 1820s, warns Borge Brende of the World Economic Forum. Europe's most indebted governments struggle to reduce borrowing due to political realities. The global economy faces a potential decade of low growth due to soaring debt levels, warns Brende. #DebtCrisis #EconomicCollapse #Recession #GlobalDebt #FiscalCollapse #FinancialWarning...
#newstr #GlobalDebtCrisis #LowGrowth #TradeWar #WorldEconomicForum #Stagflation #GlobalTrade #InternationalMonetaryFund
https://here.news/story/7b8e26cc?ver=0.58