Britain ‘can no longer ignore’ ballooning national debt
- The Bank for International Settlements warns that high public debt levels 'can no longer be ignored.'
- Carstens states that the debt-to-GDP ratio in many countries has risen rapidly and cannot continue.
- There are indications of decreasing investor interest in government bonds.
- Carstens emphasizes that 'price stability is the cornerstone for sustainable growth.
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‘Central bank of central banks’ warns soaring government debt could trigger global crisis after Starmer’s benefits U-turn
Mounting government debts in Britain and across the West could trigger a global economic crisis, according to the ‘central bank for central banks’.
·London, United Kingdom
Read Full Article‘Central bank of central banks’ warns of rising inflation risks
The world’s “central bank of central banks” warned about the rising possibility of fresh outbreaks of inflation. The Switzerland-based Bank for International Settlements noted in a new report that consumers across the globe expect steep price increases in the next year — and that because of the lasting effect of COVID-era inflation, their predictions now risk becoming a self-fulfilling prophecy. “When it comes to inflation expectations, it’s onc…
·New York, United States
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Total News Sources5
Leaning Left1Leaning Right3Center1Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
L 20%
C 20%
R 60%
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