Experts worried about US, UK and Italian economies

Soaring national debt in developed countries could trigger a new global financial crisis, economists warn The uncontrolled accumulation of debt by Western countries, along with social spending and rising climate-change costs, are increasing the risk of a new global financial crisis in developed economies, Reuters reported on Monday. Global debt surged by $10 trillion to a record $307 trillion in the first half of the year, with wealthy countries accounting for more than 80% of that increase, the outlet said, citing the Institute of International Finance. State borrowing is near or higher than 100% of output in Bri

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