Rising Debt Levels
Rising Debt Levels and Interest Costs: Governments worldwide are experiencing the highest debt servicing costs since 2007. The Organisation for Economic Co-operation and Development (OECD) reported that in 2024, debt servicing costs accounted for 3.3% of GDP across its 38 member countries, up from 2.4% in 2021. In the United States, interest payments reached 4.7% … Read more