Global $91 Trillion Debt Crisis Looms as Politicians Dodge 'Hard Choices' The world is facing an unprecedented $91 trillion government debt crisis, nearly equivalent to the global economy’s size. This massive debt, partly due to pandemic-related costs, threatens living standards even in wealthy nations like the United States. Despite warnings from the International Monetary Fund and growing investor concerns, politicians worldwide are largely avoiding addressing the issue, especially in election years. The situation is leading to increased market anxiety, with investors demanding higher yields on government bonds. This crisis may necessitate difficult decisions regarding tax increases and spending cuts, potentially impacting economic stability and risking a new financial crisis if left unaddressed. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Balancing Act: Oil Market Weighs China Concerns Against OPEC+ Cuts and Geopolitical Risks READ MORE Tech Stocks Lead $1 Trillion Wipeout Amid Global Market Meltdown READ MORE ECB Hints at Future Rate Cuts, Distances Policy from U.S. Federal Reserve READ MORE Rethinking the 60/40 Strategy: BofA Suggests Commodities as the New Fixed Income READ MORE CBO Predicts Decade of Soaring U.S. Deficits READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment