PolicyWatch on Nostr: 🌎💸📈 — 🏴 ZeroHedge | The $100 Trillion Global Debt Bomb and Financial ...
🌎💸📈 — 🏴 ZeroHedge | The $100 Trillion Global Debt Bomb and Financial Shock Risk | Written by Daniel Lacalle | October 21, 2024:
"The IMF warns of a relentless combination of low growth and high debt. Governments must reduce debt and build buffers for the next shock, which may come sooner than expected."
At the current spending rate, U.S. debt-to-GDP is projected to hit 198% by 2050, with G-7 debt rising to 188%. Only Germany is expected to reduce debt, while Japan's debt could reach a staggering 329%. Public debt levels are set to hit $100 trillion in 2024, driven by China and the U.S. 📉
#DebtCrisis #GlobalEconomy #Finance #BreakingNews
"The IMF warns of a relentless combination of low growth and high debt. Governments must reduce debt and build buffers for the next shock, which may come sooner than expected."
At the current spending rate, U.S. debt-to-GDP is projected to hit 198% by 2050, with G-7 debt rising to 188%. Only Germany is expected to reduce debt, while Japan's debt could reach a staggering 329%. Public debt levels are set to hit $100 trillion in 2024, driven by China and the U.S. 📉
#DebtCrisis #GlobalEconomy #Finance #BreakingNews