10.01.2024, 11:03
Russia has named the main threat to the global economy
Source: OREANDA-NEWS
OREANDA-NEWS The growing US national debt and the huge sums to service it are called the main risks for the global economy in 2024. This is stated in the Roscongress report "Key Events — 2024. Geo-economics. Forecasts. The main risks".
"The US national debt is the main threat to the global economy. Almost $34 trillion and one trillion dollars per year in maintenance threaten to destabilize the global financial system," the document says. The authors of the report also stated that for the United States, with the current dynamics of the ratio of budget revenues to public debt, it will be "mathematically impossible" to pay it off.
Experts note that in order to cover the cost of servicing the national debt, "it is impossible to restart the printing press in 2024," as this will lead to an increase in inflation again. However, the option of printing money is not excluded, and, according to the authors of the report, for this the United States can repeat the scenario of 2008 with the collapse of a large company. Then the bankruptcy of the investment bank Lehman Brothers was the beginning of the global financial crisis.
Experts called the US presidential election another global risk, as well as possible public unrest and civil confrontation against this background.
On January 3, the US national debt exceeded the $34 trillion mark. In 2023, it grew by more than $4 trillion.
"The US national debt is the main threat to the global economy. Almost $34 trillion and one trillion dollars per year in maintenance threaten to destabilize the global financial system," the document says. The authors of the report also stated that for the United States, with the current dynamics of the ratio of budget revenues to public debt, it will be "mathematically impossible" to pay it off.
Experts note that in order to cover the cost of servicing the national debt, "it is impossible to restart the printing press in 2024," as this will lead to an increase in inflation again. However, the option of printing money is not excluded, and, according to the authors of the report, for this the United States can repeat the scenario of 2008 with the collapse of a large company. Then the bankruptcy of the investment bank Lehman Brothers was the beginning of the global financial crisis.
Experts called the US presidential election another global risk, as well as possible public unrest and civil confrontation against this background.
On January 3, the US national debt exceeded the $34 trillion mark. In 2023, it grew by more than $4 trillion.
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