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Advanced economies’ debts are ‘unsustainable’ – research

US, Japan and European nations need to get their fiscal act together, says study by Belgian central bank

National Bank of Belgium
The National Bank of Belgium
National Bank of Belgium

Levels of public debt in Belgium, France, Italy, Japan and the US are a growing cause for concern, according to new research from the National Bank of Belgium.

An article published today (November 12) compares the levels of government debt in each country and projects them over medium- and long-term scenarios.

The authors – Kristel Buysse, Marjolein Deroose, Flore De Sloover and Stefan Van Parys – find risks to the sustainability of Belgium’s debt to be relatively low over the short term. However

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