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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.
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