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The world economy
Governments going broke
special reports - oct 18th 2025
In many of the world’s big economies, public finances are heading for a crisis. Henry Curr argues the consequences will be profound
- →Governments going broke: Across the rich world, fiscal crises loom
- →The limits of borrowing: How much public debt is too much?
- →Welfare states: Fixing the welfare state looks electorally impossible
- →The ways out that aren’t: Economic growth is unlikely to prevent fiscal crisis
- →Lessons from history: Big, rich countries have rarely repaid debt with surpluses
- →The miracle workers: How do some countries avoid debt?
- →The end game: The case against holding bonds