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Is the world in danger of debt default?
The World Economic Forum named widespread country debt default as one of the global risks for 2023. Are these fears overblown? Among warnings of ‘perma-pandemics’ and digital threats, rising government debt is officially on the World Economic Forum’s watch list for 2023. The 2023 Global Risks report, which was published by the international lobbying group at the beginning of the year, said levels of debt held by countries were accruing and increasing the chance of default. […]