The Global Debt Crisis: Implications for the UK, US, and Korea
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#7b8e26cc ver:1.01

The global debt crisis is reaching record levels, with developing countries accounting for one-third of the $97 trillion debt. The US has the highest public debt at $33 trillion, followed by China and Japan. The UK's debt has tripled since the 2008 financial crisis, reaching 100% of GDP. Korea also faces a significant debt challenge. Excessive debt levels pose a threat to economic stability. Economists like Paul Krugman argue that debt should be stabilized as a percentage of GDP, not paid off entirely. However, the US government's $34.5 trillion debt has serious financial implications and could lead to economic catastrophe. #DebtCrisis #GlobalDebt #EconomicStability...

#newstr #GlobalDebt #PublicDebt #UkEconomy #UsDebt #KoreanHouseholdDebt 

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