The World Is Rapidly Going Into Debt – Is the Debt Bomb Ticking?
4 Articles
4 Articles
The combined public debt of the 38 member states of the Organization for Economic Co-operation and Development (OECD) could rise to a record high this year, according to the organization's forecast, while the rapid growth of the United States' debt in particular is a cause for concern.
The debt of the 38 OECD countries has tripled since 2007. US debt has risen from 9 trillion to 40 trillion dollars. Japan is at the top in relation to GDP.
Concerns in the financial world: The US is accumulating $6 billion in new debt a day. The debt of the 38 OECD countries has tripled in 20 years.
The rapid indebtedness of the United States is particularly spectacular, but the combined public debt of OECD countries could also rise to a record level this year.
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