We Almost Blew Up The Global Economy In 2007-2009 And Are Now Chronically Teetering On A Debt Crisis.

In a worrisome turn of events, Ethiopia has become the latest casualty in the escalating global debt crisis, defaulting on its financial obligations.

Soaring global interest rates make debt repayment increasingly expensive, drawing unsettling parallels to the debt crisis of the 1980s.

The numbers are staggering, with global debt reaching a staggering $307 trillion in 2023.

The sudden surge in inflation has only exacerbated the problem, pushing global debt to unprecedented highs.

Global debt encompasses borrowing by governments, businesses, and individuals, and it is at alarmingly precarious levels.

In 2021, global debt reached a record $303 trillion, marking a significant leap from the previous record of $226 trillion in 2020.

As the global community grapples with the fallout, it becomes imperative for nations to confront the reality and take decisive actions to mitigate the escalating crisis before it engulfs us all.

https://citizenwatchreport.com/we-almost-blew-up-the-global-economy-in-2007-2009-and-are-now-chronically-teetering-on-a-debt-crisis/