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Nalezeno "developed economies": 2

Global Debt Spikes to Record $307 Trillion Driven by US, Developed Nations


The world’s debt has surged to a record high level in the second quarter, according to the Institute of International Finance (IIF). The increase has also helped lift the global debt-to-GDP ratio which had been declining for seven quarters but is now projected to reach 337% by the end of this year....

BRICS Is No Joke, Bloc Could Become G7 Counterpart, Experts Say


The BRICS challenge to the world’s established economic order is not a joke, according to experts in the field of international relations. Now that the bloc, which unites leading emerging markets, accounts for over a quarter of the global gross domestic product (GDP), it could become a counterpart...

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