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The IMF says planetary nationalist indebtedness could transcend 100% of GDP by the extremity of the decade.
Governments astir the satellite present beryllium astir $100 trillion successful nationalist debt. That’s astir treble what they owed conscionable a decennary ago.
The International Monetary Fund warns that by 2029, planetary indebtedness volition surpass 100 percent of the world’s gross home product, meaning the world’s borrowing could soon transcend the size of the full planetary economy.
But determination is simply a stark contrast: Richer nations tin – for present – inactive get astatine little costs and support spending portion galore poorer nations are moving retired of country to instrumentality connected much debt.
When borrowing becomes excessively large who pays the price?
English (US) ·