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Government Debt at WWII Levels — Cutting It Won’t Be Easy…


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Government Debt at WWII Levels — Cutting It Won’t Be Easy…

As countries world-wide boost spending to battle the new coronavirus, government debt has soared to levels not seen since World War II. Among advanced economies, debt rose to 128% of global gross domestic product as of July, according to the International Monetary Fund. In 1946, it came to 124%. For now, governments shouldn’t worry about…

Government Debt at WWII Levels — Cutting It Won’t Be Easy…

As countries world-wide boost spending to battle the new coronavirus, government debt has soared to levels not seen since World War II.

Among advanced economies, debt rose to 128% of global gross domestic product as of July, according to the International Monetary Fund. In 1946, it came to 124%.

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