Warning of U.S. Debt Crisis In Light of Potential Recession
Monday, 13 May 2024, 17:15
Wall Street economists warn of U.S. debt crisis due to potential recession
The U.S. could face severe economic repercussions as the federal debt-to-GDP ratio is estimated to exceed levels from World War II, according to experts.
Key Points:
- Warning Sign: Recession may trigger U.S. debt crisis.
- Economic Impact: Federal debt-to-GDP ratio projected to surpass World War II levels.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.