Developed economies around the world are loaded up with debt. That was less of a problem in the era of free money, but inflationary pressures are back, and structurally higher interest rates mean debt is more expensive to issue and service.
Developed economies around the world are loaded up with debt. That was less of a problem in the era of free money, but inflationary pressures are back, and structurally higher interest rates mean debt is more expensive to issue and service.