US EditionGerman State Bank Kfw Warns of Dangerous Increase in Us National Debt
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4 Articles
The high US debt could lead to a loss of investor confidence, the economy faces a threat to debt sustainability and pressure for a systemic collapse.
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trend.skThe already high US national debt could rise to dangerous levels, partly due to US President Donald Trump's tax plans. The warning was issued on Friday by the German state development bank KfW. The report comes from the DPA agency. KfW predicts that the ratio of US public debt to economic output could, under certain circumstances, climb from around 120 to 170 percent of gross domestic product within ten years. This could be a tipping point at wh…
Frankfurt/Main - The high debt and Trump's erratic customs policy shake the confidence of the financial markets in the US, the dollar is as weak as it has been for years. KfW warns of a tipping point.
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