Analytics

Record Debt in the World’s Richest Nations Threatens Global Growth

The NYT reports that the cost of borrowing is already choking crucial public spending in many developing economies. Now it’s raising broader alarms.
Record Debt in the World’s Richest Nations Threatens Global Growth
For decades crushing debt has spread misery in the world’s poor and lower-income nations. But the menace of unsupportable borrowing that now hangs over the global economy emanates from some of the richest countries. Record or near-record debt in the United States, Britain, France, Italy and Japan threatens to hamstring growth and sow financial instability around the globe. At home,... ...

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