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Why is sovereign debt such a big concern in 2025 according to Kevin McCarthy?

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McCarthy warned at the AIM Summit Dubai that sovereign debt is no longer just a third-world problem. Even developed nations are running unsustainable deficits. His global economic insights underline how sovereign debt threatens long-term global stability and puts pressure on already fragile institutions. https://www.gulfanalytica.com/key-insights-from-kevin-mccarthy-on-global-sovereign-debt-political-polarization-and-emerging-market-trends-at-aim-summit-dubai

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