While the European countries have brought their spending under control, the US president’s tax cuts and defence spending will lead to increased borrowing
  • someguy3@lemmy.world
    21·
    2 days ago

    the IMF predicts the US will see its debts climb from 125% to 143% of annual income by 2030, while Italy’s will flatline at about 137%.

    Greece is on track to cut the ratio of debt to gross domestic product (GDP) from 146% to 130% over the same period.

    • Avid Amoeba@lemmy.ca
      61·
      2 days ago

      That’s still pretty low. They can do way more spending and I bet they will to prop up AI assets as they start cracking.