CNA Is global government debt a ticking time bomb?

As global debt hits historic highs, rising interest rates are making borrowing more expensive. In the United States, debt servicing costs are climbing rapidly. Japan shows how massive debt can be sustained – but at the cost of long-term economic damage. In China, mounting local government debt is emerging as a major fiscal challenge. Economists speaking to CNA’s Loke Wei Sue explain why today’s political and economic conditions are making ballooning debt a growing risk.

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