As of 2023, global debt has ballooned to an eye-watering $300 trillion. That’s an average of $37,500 for every person on the planet. Why is global debt so high? Decades of low-interest rates and cheap goods made money easy to borrow. Then, along came a pandemic that stalled growth and war in Ukraine that drove food and energy prices through the roof. While these crises impacted almost every nation on Earth, they didn’t react in the same way. While the US and the European Union pumped trillions of pandemic stimulus money into their economies to keep them afloat, poorer nations kept borrowing money they couldn’t afford to pay back. Now, an estimated 60% of those countries are facing debt distress, and rising inflation means paying down those bills is more expensive. Can the world do anything about the impending debt crisis before it’s too late? On GZERO World, Ian explains what the debt problem means for the global financial system and whether it needs to be transformed to confront the economic realities of the developing world.
Anders Fogh Rasmussen: An alliance of democracies with India at its core
Europe and India need a more practical relationship; together, Europe, India and the United States can be unstoppable. By: Anders Fogh Rasmussen In the minutes…
Thought Leader: Anders Fogh Rasmussen
In Conversation with David Frum: Trump’s growing threats to Canada
Political analyst David Frum joins Sean Speer on The Hub Canada to discuss the current state of Canadian politics. To host Frum for a speaking opportunity, contact WWSG.
Thought Leader: David Frum
Anderson Cooper: At Least 24 Dead In LA Wildfires
Anderson Cooper brings you highlights from CNN’s premier nightly news program AC360. At least 24 people have died in the wildfires that have ravaged Los Angeles County, and…
Thought Leader: Anderson Cooper
Ian Bremmer: What’s next for South Korea after President Yoon’s impeachment?
Thought Leader: Ian Bremmer
Ian Bremmer: Syrian rebel forces take Aleppo
Thought Leader: Ian Bremmer
Ian Bremmer: Why the world is facing a population crisis
Thought Leader: Ian Bremmer
