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The Looming Global Debt Disaster

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Despite a succession of shocks since 2020, the global economy has held up remarkably well – so far. But the margin for error is dwindling. Total global debt is now nearly 25% higher than it was on the eve of the COVID-19 pandemic, when it already was at an all-time high. This overhang could undercut all economies’ ability to shield themselves […]

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