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America's debt is going through the roof: danger to the global economy!
Learn how U.S. debt could surpass that of Greece and Italy by 2030 and what factors are contributing to this.
America's debt is going through the roof: danger to the global economy!
What's new in the world of finance? U.S. national debt could exceed that of Italy and Greece by 2030, according to the latest expectations from the International Monetary Fund (IMF). Currently, the U.S. debt-to-GDP ratio stands at an impressive 125%, and the IMF predicts this will rise to 143.4% by the end of the decade. This would even surpass the previous record of 132.5% from 2020. So reported L'Express.
What really matters is the persistent budget deficit, which, according to the IMF forecasts, will exceed 7% of GDP until after 2030. This deficit is said to be the highest among wealthy countries tracked by the IMF. Under the Biden administration, debt has continued to grow despite low unemployment. An unbridled increase in government spending that began in the Trump era could result in an additional deficit of up to $7,000 billion annually. As a global reserve currency, the dollar gives the USA a certain advantage that Italy and Greece do not have. It is interesting to know that the net debt of the USA will be only about ten percentage points lower than that of Italy by 2030.
A look at the debt ratio
- USA: 125 % (vermuteter Anstieg auf 143,4 % bis 2030)
- Griechenland: 146,7 %
- Italien: 136,8 %
But enough about debt – let’s move on to a tasty topic! When you think of Brooklyn, you inevitably think of the delicious pizzerias that line the streets. Brooklyn has a diverse pizza culture that ranges from traditional to innovative creations. A real highlight is the Pizzeria Roberta’s in the Bushwick district, known for its wood-fired pizza and a large outdoor terrace. The specialty here: the “Bee Sting”, a wonderful mixture of tomato, mozzarella, sopressata, chili, basil and a sweet note of honey. The New York Spork reports on numerous other great pizzerias in the city, from L’Industrie, which impresses with its fresh Italian ingredients and crispy crust, to Lucali, where you can wait up to two hours for your slice of pizza.
Another notable example is Fini Pizza, opening in 2022, which challenges the taste buds with a spicy Long Pepper Shallot Slice. But don't worry - at Paulie Gee's, which operates as both a restaurant and a slice shop, you can enjoy a delicious cheese or pepperoni pizza for a fair price of around $5.
Pizza favorites in Brooklyn
- Roberta’s: Holzofenpizza und Außenterrasse
- Lucali: Lange Wartezeiten, aber dafür volle Genuss
- Speedy Romeo: Kreative Kombinationen und Michelin-Stern-Koch hinter den Öfen
- Paulie Gee’s: Beliebte Slice-Optionen für clevere Feinschmecker
On the technical side, the question of online communication is also important, especially in times of digital transformations. Not only personal communication plays a role here, but also access to services such as Gmail. A simple guide to logging into Gmail ensures you stay up to date, whether on your phone or computer. An article by Business Insider gives useful tips on how to log in quickly and easily to keep in touch with your loved ones or business contacts.
A lot of interesting topics in one article - from financial forecasts to gastronomic highlights in one of the most famous cities in the world. It remains exciting to see what the future brings!