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Long term economic growth
The Impact of Government Debt on Economic Growth
November 22, 2023
How does government debt affect long-term economic growth?
High government debt levels can hamper long-term economic growth. Excessive debt may lead to increased borrowing costs, crowding out private investment, and reducing funds available for productive investments in infrastructure, education, and innovation, ultimately constraining economic growth.
Tags : Government Debt , Long-Term Economic Growth