OECD predicts $56 trillion bond debt for member governments in 2024, up from $54 trillion in 2023, due to tighter financial conditions.
OECD forecasts $56 trillion total bond debt for its member governments in 2024, rising from $54 trillion in 2023, due to tighter financial conditions necessitating more borrowing. US accounts for half, EU 20%, Japan 16%, and UK 6%. Central banks' withdrawal from bond markets creates a new landscape of higher inflation and stricter monetary policies, impacting gov't spending and financial stability.
March 07, 2024
3 Articles