Economist Warns of Looming Sovereign Debt Crisis

Leading economist Gerard Lyons warns of an impending sovereign debt crisis in Britain and other major developed nations. He points out that six G7 countries, including France and Britain, could face a debt trap by 2030, with their debt exceeding their economys size. This is concerning as these countries rely on international investors for debt purchases. Recent increases in bond yields and government borrowing costs, along with Britains history of rare budget surpluses, suggest a challenging fiscal landscape. Lyons believes a debt crisis is likely by the end of the decade, with market reactions potentially occurring sooner.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.