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How is the EM-ification of the U.S. economy relevant to global trends?

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Kevin McCarthy warned that high inflation, debt accumulation, and government dysfunction are making the U.S. economy resemble that of an emerging market (EM)—raising concerns globally. It’s a wake-up call for fiscal discipline. https://www.gulfanalytica.com/key-insights-from-kevin-mccarthy-on-global-sovereign-debt-political-polarization-and-emerging-market-trends-at-aim-summit-dubai

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