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Bookmark or Share- Global debt is at $307 trillion. Why does it matter ... - World ...In 2021, global debt reached a record $303 trillion, a further jump from what was record global debt in 2020 of $226 trillion, as reported by the International Monetary Fund (IMF) in its Global Debt Database. This was the biggest one-year debt surge since the Second World War, according to the IMF.
- US debt ceiling: Everything you need to know | World Economic ForumThe US debt ceiling is a self-imposed cap on the amount of money the federal government can borrow to pay its bills. The debt limit frequently needs to be raised as the amount the government borrowed hits that ceiling. A default risks economic and financial market turmoil. Denmark and Kenya are the only other countries with a debt ceiling.
- OECD government bond debt to rise and other economic stories | World ...The Organization for Economic Co-operation and Development (OECD) anticipates total government bond debt across its 38 member countries will climb to $56 trillion in 2024, up from $54 trillion in 2023. This is an increase of $30 trillion compared to 2008.
- What Keynes can teach us about government debt todayThe influential Harvard economist Robert Barro argues that future tax rises to pay for government deficit spending are figured into long-term interest rates by investors and savers. This process will lead to higher rates in the future and make government borrowing more expensive and the budget deficit less affordable.
- The US credit rating was downgraded. Here’s what to knowRegarding the downgrading of the US’ long-term credit rating, Fitch explained that the “repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management” and that “the government lacks a medium-term fiscal framework, unlike most peers, and has a complex budgeting process.”
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