In this episode of The Decisive Podcast, host Kristen Hallam engages in an insightful discussion with Ken Wattret, Vice President of Global Economics at S&P Global Market Intelligence, about the critical yet often overlooked topic of public debt.

Kristen and Ken explore the significant rise in public sector debt-to-GDP ratios since the mid-2000s, driven by adverse economic shocks, including the 2008 financial crisis and the COVID-19 pandemic.

Ken explains the persistent challenges of high government budget deficits, the political reluctance to implement fiscal changes, and the implications of rising sovereign yields on economic growth. Ken discusses how these fiscal fragilities impact businesses and consumers, the potential for crowding out private sector investment, and the risks of triggering another economic shock.

Listen now for a thought-provoking conversation that highlights the complexities of fiscal policy in today's economic landscape.

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Credits:

Host: Kristen Hallam
Guest: Ken Wattret
Produced By: Kristen Hallam
Edited By: Marz Marcello
Published With Assistance From: Sophie Carr, Feranmi Adeoshun

Fiscal Fragilities in the Global Economy