Global Debt and Rising Interest Rates

This chapter explores the staggering global debt of approximately $300 trillion, equating to 355% of global GDP, and its impact on various sectors. It analyzes the potential consequences of rising interest rates on households, firms, and governments, forecasting a significant increase in the global interest bill if rates were to escalate. The discussion highlights vulnerable regions, such as Lebanon, and examines how differing debt dynamics affect nations, particularly in the context of variable interest rates and economic pressures.