US Fiscal Deficit Headed to Record High Among Major Economies
The US fiscal deficit is projected to hit -6.1% of GDP in 2027, its largest since 2012 (ex-pandemic) and the biggest of any major developed economy, deepening global debt concerns.
What we know
An account on X flags the widening US deficit trajectory as a structural concern. Another account on X frames this as a self-inflicted wound, RTs Cardiff Garcia noting the Trump administration could have let real wages keep rising instead. On the geopolitical side, another account on X adds that Russia is now reportedly richer than any time since the Soviet collapse, complicating the macro picture. Another account on X flags that US commercial shipping is unsustainable in a prolonged military attrition scenario.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.