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Economic Analysis | Can Sustainable Development Survive Global Debt
The global economy is currently facing historic challenges characterized by an unprecedented rise in both public and private debt levels, with total global debt exceeding $350 trillion and approaching 235% of the world's Gross Domestic Product (GDP). This situation threatens growth trajectories and sustainable development. Data shows that more than half of low-income countries are experiencing real debt distress, while interest payments consume over $400 billion annually. Additionally, geopolitical conflicts are impacting financial stability through supply chain disruptions and increased costs.
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