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For a long time, the world has politely ignored the US debt problem, but now experts warn of a spiral of debt. Our charts show how bad the situation is.
Knacke’s money maps: The unstoppable US debt spiral
Deficits cuts and stable inflation is a pipe dream! However, these are the indirect assumptions of the Congressional Budget Office (CBO) and Americans more broadly looking out into the next decade. In the latest update from the CBO, it is now projected US gross federal debt held by the public will reach 136% of GDP by 2035, by far the highest in US history. But even that is under assumptions many would call wildly optimistic. For one, it assumes…
The world's public debt reached $102,000 billion in 2024, almost a third of this being borne by developing countries, which weighs heavily on their budgets and puts at risk essential public services, says UN Trade and Development (UNCTAD), in a report published on Thursday. According to this report, "The world's public debt exceeds 100,000 billion dollars in 2024 was first published on Diplomatic Morocco.
Peder Beck-Friis Market Consensus (PIMCO) The levels of public debt of the G7 countries have fluctuated throughout history. They increased considerably during the major crises — World War I, the Great Depression and the Second World War — and then declined during the post-war boom. More recently, the global financial crisis and the COVID-19 pandemic have pushed debt ratios to new peaks. Currently, the G7 public debt remains close to [...]
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