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OECD warns wealthy nations now spend more on debt interest than defense or housing.
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.
This surge in debt, now exceeding $100 trillion globally, is expected to limit future borrowing capacity, especially as interest rates remain high.
The OECD warns that this situation, exacerbated by geopolitical uncertainties, could restrict investment in critical areas.
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La OCDE advierte que las naciones ricas gastan ahora más en intereses de deuda que en defensa o vivienda.