Growing debts, high interest rates, climate change costs, and political instability are fueling concerns of a financial market crisis in major developed economies. The Institute of International Finance reports that over 80% of the $10 trillion increase in global debt in the first half of the year came from developed economies.
As global debt worries mount, is another crisis brewing? oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.
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Brent crude has reached a 10-month high around $95 a barrel as export curbs by Saudi Arabia and Russia combined with an improving outlook for the US and China to drive prices higher.