Story thread · 5 reports / 4 sources

The Inconvenient Truth: Debt does not make a nation poor; wasting it does

myjoyonline.com · 5dShare

The 2025 numbers challenge one of Africa’s most persistent economic misconceptions. Global public debt stood at almost 94% of GDP: Japan’s exceeded 200%, the United Kingdom’s was above 100%, Singapore carried exceptionally high gross debt while remaining a major creditor with vast public assets, and South Africa remained close to 78%. Yet debt distress is profoundly unequal.

First report: Don’t panic about the national debt — the US has the wealth to handle it — thehill.com, 8d