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Experts warned of a new threat to the global economy

Google News

A record rise in global debt could pose a serious threat to the global economy. Last year, it reached $281 trillion. This year, the size of the global debt may increase to 300 trillion dollars.

Experts believe that the debt “bomb” can lead to serious consequences. Of particular concern is the situation related to the growth of debt in developing countries. Experts identify countries such as China, Turkey, Lebanon, and Malaysia.

They recorded a sharp increase in public debt in the non-financial sector. Debt servicing in these countries will be burdensome even at very low rates.

Experts note that in the medium term, the world will experience events very similar to the Great Depression.

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