U.S. debt dilemma: No quick fixes and no catastrophes – RBC Wealth Management

June 26, 2024 By Atul Bhatia, CFA U.S. government debt has been rising rapidly since the global financial crisis, but broader measures of borrowing across the economy have remained relatively stable and on par with other developed economies. U.S. fiscal policy is likely already unsustainable, with politically sensitive programs costing more than current taxes generate.…

Sovereign Debt Restructuring Process Is Improving Amid Cooperation and Reform – International Monetary Fund

The global economy avoided what could have been a systemic debt crisis during the turbulence of recent years, but vulnerabilities remain amid high debt servicing costs that pose an important challenge for low and middle-income countries. Some may yet confront major tests. When countries do falter on debt, restructuring is critical to containing the damage.…

Sovereign Debt Restructuring Process Is Improving Amid Cooperation and Reform – International Monetary Fund

The global economy avoided what could have been a systemic debt crisis during the turbulence of recent years, but vulnerabilities remain amid high debt servicing costs that pose an important challenge for low and middle-income countries. Some may yet confront major tests. When countries do falter on debt, restructuring is critical to containing the damage.…

U.S. debt dilemma: No quick fixes and no catastrophes – RBC Wealth Management

June 26, 2024 By Atul Bhatia, CFA U.S. government debt has been rising rapidly since the global financial crisis, but broader measures of borrowing across the economy have remained relatively stable and on par with other developed economies. U.S. fiscal policy is likely already unsustainable, with politically sensitive programs costing more than current taxes generate.…

Sovereign Debt Restructuring Process Is Improving Amid Cooperation and Reform – International Monetary Fund

The global economy avoided what could have been a systemic debt crisis during the turbulence of recent years, but vulnerabilities remain amid high debt servicing costs that pose an important challenge for low and middle-income countries. Some may yet confront major tests. When countries do falter on debt, restructuring is critical to containing the damage.…