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‘A slow fiscal death’ awaits some countries in this ‘decade of debt,’ says economist

Leave a Comment / Global Economy / By Krintan Ray

Economist Arthur Laffer Jr. warns of a decade-long global debt crisis, with total global borrowings at $307.4 trillion. The debt-to-GDP ratio is at 336%, posing risks to countries’ social infrastructure and economic stability.

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‘A slow fiscal death’ awaits some countries in this ‘decade of debt,’ says economist