Arthur Laffer Jr. on CNBC.com: A Decade Of Debt
Originally published on CNBC.com
‘A slow fiscal death’ awaits some countries in this ‘decade of debt,’ says economist Arthur Laffer Jr.
KEY POINTS
- The world is looking at a debt crisis that will span the next 10 years, said economist Arthur Laffer.
- Global debt hit a record of $307.4 trillion in the third quarter of 2023, with a substantial increase in both high-income countries and emerging markets.
- The world is looking at a debt crisis that will span the next 10 years and it’s not going to end well, economist Arthur Laffer has warned, with global borrowings hitting a record of $307.4 trillion last September.