The Looming Global Debt Disaster | by Indermit Gill - Project Syndicate

The Looming Global Debt Disaster | by Indermit Gill - Project Syndicate

A long era of extraordinarily low interest rates allowed too many developing countries to spend far beyond their means, creating a global debt overhang that grows larger with each natural or man-made shock. Now, urgent reforms are needed, both nationally and at the global level.