The World Economy Is Hooked on Government Debt
11 Articles
11 Articles
For decades, crushing debt has sown misery in the world’s poor and low-income nations. But the threat of unsustainable indebtedness now looming over the world economy comes from some of the richest countries. The record or near-record debt of the United States, the United Kingdom, France, Italy and Japan threatens to slow growth and sow financial instability around the world. At home, it means that countries must face interest payments with mone…
Record Debt in the World’s Richest Nations Threatens Global Growth
For decades crushing debt has spread misery in the world’s poor and lower-income nations. But the menace of unsupportable borrowing that now hangs over the global economy emanates from some of the richest countries. Record or near-record debt in the United States, Britain, France, Italy and Japan threaten to hamstring growth and sow financial instability around the globe. At home, it means countries must make interest payments with money that ot…
What is fueling the dangerous trend toward deficit spending across the global economy, piling up public debt?
On the other hand, old debt has been a problem especially associated with poor countries. But today, the warning comes from another side: the world's big economy is being hit by record levels, and notes that...
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