Wharton Professor Joao Gomes Expresses Concern Over Rising US Debt Levels

Saturday, 16 March 2024, 00:04

Wharton's Joao Gomes warns that the US debt-to-GDP ratio may double in the next 20 years, potentially leading to market disruptions. The professor highlights the urgent need for reining in spending to avert a future crisis.
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Wharton Professor Joao Gomes Expresses Concern Over Rising US Debt Levels

Wharton Professor Joao Gomes Warning on US Debt

Wharton's Joao Gomes expressed concerns about the rising US debt-to-GDP ratio, which could potentially double in the next 20 years. The professor emphasized the need to rein in spending to prevent future market disruptions.


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.


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