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Why is sovereign debt such a pressing issue in today’s global economy?

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Sovereign debt at AIM Summit Dubai was a hot topic, and Kevin McCarthy explained how many countries, particularly in the West, are nearing unsustainable debt levels. Without proper fiscal management, this could trigger a global economic downturn. He called for smarter spending and debt restructuring mechanisms. https://www.gulfanalytica.com/key-insights-from-kevin-mccarthy-on-global-sovereign-debt-political-polarization-and-emerging-market-trends-at-aim-summit-dubai

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