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Story summary
- Fitch Ratings projects total debt in developed economies will reach $75.8 trillion by the end of 2026.
- It expects debt to rise $4.2 trillion this year, pushing the ten largest economies to $69 trillion (114.5 % of GDP) and the United States to a 7.8 % deficit (~$2.5 trillion).
- Fitch projects U.S. debt-to-GDP to hit 131.5 % by 2030 and warns AI could boost growth while raising unemployment and cutting tax revenue.
