Post #3152918

The mountain of public debt that threatens global stability Global public debt will reach 100% of GDP in 2029. The United States, Japan, Italy, and other advanced economies have already surpassed that threshold. The US fiscal deficit is approaching 6% of GDP, driven by tax cuts and reduced military spending. Ecuador faces the paradoxical case of a manageable debt in proportion, but one that is stifling in terms of cash flow under its rigid dollarization. Read more: https://luisfierro.substack.com/p/the-mountain-of-public-debt-that