Why is Global Debt Rising?
Pandemic Impact: The COVID-19 pandemic led to economic downturns, requiring governments to spend heavily on healthcare and fiscal stimulus. This increased both public and private debt levels.
Ukraine War: Geopolitical conflicts like the Ukraine war require large military and humanitarian expenditures, thus contributing to debt. Additionally, wars disrupt global trade, affecting the economy.
Economic Investments: Countries borrow to invest in infrastructure, education, and other developmental projects, hoping future growth will offset the current debt.
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