A new report has warned that a debt crisis is looming as the global economy continues to slow down. The report highlights the increasing vulnerability of several nations facing unsustainable debt burdens, raising concerns about a potential widespread financial crisis.

Key Findings

• Slowing global economic growth is exacerbating debt vulnerabilities.
• Several nations are facing unsustainable debt burdens.
• Lack of fiscal space limits governments’ ability to respond to economic shocks.

Recommendations

The report urges urgent action to address these challenges, including:

• Implementing structural reforms to boost economic growth.
• Strengthening debt management practices.
• Enhancing international cooperation to support vulnerable countries.

Failure to address these issues could lead to a severe global financial crisis, with devastating consequences for economies and populations worldwide.