The world faces a debt crisis in the next ten years
Economy
American economist Arthur Laffer has predicted that the world debt will face a crisis in the next decade, which could have serious consequences for some countries. He noted that by September 2023, global debt had reached a record $307.4 trillion, up $100 trillion since 2013.
The expert recalled that in September 2023, the world debt reached an all-time high of $307.4 trillion, increasing by $100 trillion since 2013. Laffer warned that the next decade will be a period of debt and the whole world will face a peak in debt, which could lead to negative consequences.
According to the data, the world debt is now 336 per cent of global GDP. The International Monetary Fund estimates that more than 100 countries will be forced to cut spending on health, education and other social needs to reduce the debt burden.
According to the data, the world debt is now 336 per cent of global GDP. The International Monetary Fund estimates that more than 100 countries will be forced to cut spending on health, education and other social needs to reduce the debt burden.
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