Davos 2024
Global Debt Specter Sours Davos Cheered by Soft Landing Hopes
- Forum puzzles over public-finance impact of high rates
- IMF is ‘more worried’ about liquidity this year, Gopinath says
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Too much debt — and the danger that global economies could take on even more of it — is troubling Davos participants confronting dangers posed by the year ahead.
While several attendees at the World Economic Forum took comfort this week from the mounting likelihood that swiftly jacked-up interest rates won’t cause immediate damage to growth, they’re now worrying again about the lingering financial impact.