US-Led Rising Debt Across G-7 Stokes S&P and Scope Concerns Credit assessment companies S&P Global Ratings and Scope are raising concerns about the continuously increasing debt levels across G-7 nations, particularly in the United States. S&P warns that only significant market pressure could alter the current trajectory of debt accumulation in countries like the US, Italy, and France. This warning comes at a critical time, with two G-7 nations facing elections and following a caution from the Bank for International Settlements about governments’ vulnerability to sudden loss of market confidence. The analysts suggest that while sharp market pressures might push governments towards fiscal consolidation, such conditions would also increase the difficulty of implementing necessary budgetary adjustments. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts China's Economy Struggles Gain Momentum: Inflation and Factory Prices Disappoint READ MORE Steps Toward De-Dollarization in Zimbabwe READ MORE Final Week of Q2 to Feature Fed's Preferred Inflation Measure READ MORE Gold Market Shines During Spring Festival, Yet Slower Growth Expected Ahead READ MORE Turkey Leads Central Banks in January Gold Purchases READ MORE Add a Comment Cancel replyYour email address will not be published.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