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Home » ‘A slow fiscal death’ awaits some countries in this ‘decade of debt,’ says economist Art Laffer

‘A slow fiscal death’ awaits some countries in this ‘decade of debt,’ says economist Art Laffer

‘A slow fiscal death’ awaits some countries in this ‘decade of debt,’ says economist Art Laffer

A mosaic collection of world currencies.FrankvandenBergh | E+ | Getty ImagesThe 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. Both high-income countries as well as emerging markets have seen a substantial rise in their debt piles, which has grown by a $100 trillion from a decade ago, fueled in part by a high interest rate environment. “I predict that the next 10 years will be the Decade of Debt. Debt globally is coming to… 

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