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Debt-fuelled ‘economic sugar-rush’ in US spells danger, despite world growth: UN trade report
Summary by Global Diaspora News
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3 Articles
A World of Debt
From The Burning Platform A 2010 study on debt-to-GDP found that when a country’s public debt exceeds 90% of its GDP, its economic growth rates tend to slow down significantly, and an economic crisis is far more likely to occur. With $111 trillion of global debt and a debt to GDP ratio of 94.7%, and rising rapidly, a global economic crisis is on our doorstep.
Debt-fuelled ‘economic sugar-rush’ in US spells danger, despite world growth: UN trade report
According to this year’s Trade and Development report from UNCTAD, the UN Conference on Trade and Development, global debt has risen sharply to $250 trillion – three times the total world income. A decade ago – when the global financial crisis hit – the deficit was $140 trillion. “The excessive reliance on debt in the […]
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