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المصري اليوم
Bisent: Global debt crisis needs growth
The article focused on calling American officials to G20 leaders to promote economic growth as a means to address global debt levels, which have reached approximately $353 trillion—a record figure threatening global financial stability. At the meeting held in Asheville, U.S. Treasury Secretary Scott Despite pointed out that resolving financial crises following the 2007 and 2009 downturn requires achieving economic growth, considering that growth is the solution to the burdens caused by debt. Federal Reserve Chairman Kevin Warsh also emphasized the existence of a worldwide investment boom reflecting improved investment opportunities and reduced excess savings. The meeting called for addressing growth obstacles such as excessive regulations, poor tax systems, lack of investments, and market fragmentation, aiming to improve the global economic situation.
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