Fiscal Risks

Government debt sustainability is back under the spotlight. On this page, we bring together our insights regarding the odds of a fiscal crisis, where the risks are greatest and what the consequences are for fiscal policy, bond yields and economic growth.

Global risks

The fiscal headache of ageing populations

Which countries will struggle to shrink fiscal deficits?

When it comes to questions of fiscal sustainability, words matter as much as actions

Government debt sustainability back under the spotlight

Fiscal health and the outlook for the euro-zone’s bond markets

The fiscal implications of the rise in bond yields

Regional risks

French bond sell-off could get worse

Long-term debt sustainability still under threat

Could an AI boom transform the budget outlook?

How worrying are France’s public finances?

Public debt risks remain acute in several Frontiers

Higher r* - bigger fiscal challenge, headwind for real asset prices

High bond yields to push up Italy’s debt ratio to 150%

Assessing fiscal risks from higher interest rates in EMs

How worried should we be about Italy’s public debt?

CEE sovereign debt dynamics becoming more fragile

Assessing public debt risks in Africa

Putting Italy’s debt dynamics into context