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flag OECD warns wealthy nations now spend more on debt interest than defense or housing.

flag The Organization for Economic Co-operation and Development (OECD) reports that wealthy nations now spend more on debt interest than on defense or housing, with debt costs reaching 3.3% of GDP in 2024. flag This surge in debt, now exceeding $100 trillion globally, is expected to limit future borrowing capacity, especially as interest rates remain high. flag The OECD warns that this situation, exacerbated by geopolitical uncertainties, could restrict investment in critical areas.

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