Source: World Economic Forum (video statements)
Global debt now exceeds $300 trillion, close to 90% of global GDP, at a time when borrowing costs remain sharply elevated. The combination of record obligations and high interest rates is testing how much strain economies can bear and how much space remains for productive investment.
With fiscal space narrowing, can leaders continue skirting politically unpopular budgetary decisions and how urgent is it to rethink the world’s approach to debt?