US EditionGerman debt level will rise to 74% of GDP by 2030, Scope says
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German debt level will rise to 74% of GDP by 2030, Scope says
BERLIN (Reuters) -Germany’s debt is expected to increase to 74% of gross domestic product by 2030 from 62.5% last year due to the increase in spending on defence and infrastructure, according to a report from the European rating agency Scope seen by Reuters on Friday. Germany’s parliament approved plans for a massive spending surge in March, shrugging off decades of fiscal conservatism. “Despite rising borrowing, the pressure to consolidate the …
Germany's public debt is expected to rise to as much as 74 percent of GDP by the end of the decade, and increased defense spending will only moderately boost economic activity, according to calculations by European credit rating agency Scope. In 2024, Germany's public debt amounted to 62.5 percent of GDP, Hina reported. By the end of the decade, it could rise by as much as 11 percentage points due to increased government spending on defense and …
If Germany truly commits 5% of its GDP to rearmament, it will mark not only the largest mobilization since the Cold War but also a turning point in the European balance of power. The article Mateusz Morawiecki: The Return of German Power comes from the website Everything co most important.
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