Australian Mercantile Collections

The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming

The world is sitting on a $91 trillion problem. ‘Hard choices’ are coming


London
CNN
 — 

Governments owe an unprecedented $91 trillion, an amount almost equal to the size of the global economy and one that will ultimately exact a heavy toll on their populations.

Debt burdens have grown so large — in part because of the cost of the pandemic — that they now pose a growing threat to living standards…

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