Our Scans · (SFR.6.00) Fiscal Crises · Weekly Summary

• Kenya will likely skirt fiscal and sovereign debt crises predicted for 2023 while growing its economy by 5.7%. CSIS
• The U.S. is on a trajectory that could trigger six distinct types of fiscal crises. Fortune
• As America's painful reckoning with the widely predicted fiscal crises gets ever closer, a growing number of commentators have expressed surprise that so many consumers are still splurging on expensive holiday excursions - what has come to be called revenge travel. The Spectator World
• At a time when public finances are increasingly stretched and the British state is confronted by multiplying crises, the balancing act between fiscal responsibility and a transformational message will be a difficult one to perform. New Statesman
• Unlike previous sovereign debt crises that afflicted peripheral economies or even major European nations, the emerging U.S. fiscal crisis threatens the very foundation of the post-Bretton Woods international monetary system. Yahoo News
• The OECD cautioned that without balanced fiscal consolidation, the UK risks lacking the room to respond to future crises. Finance Network News
• Many governments around the world are grappling with very difficult fiscal situations that threaten to spiral into full-blown crises. Consultancy-me.com
• Concurrently, debt crises in developing countries gave the US opportunities to impose macroeconomic policies enforcing fiscal and monetary discipline. The World Financial Review
• Currently, analysts predict no major crises for 2025; however, they foresee a slowdown in both global and Brazilian economic growth linked to fiscal challenges. The Rio Times
• The sharp increase in the fiscal deficit for 2024 raises doubts about the credibility of its fiscal discipline framework, established in response to past crises. / Mexico Wilson Center
• In the long run, the only way the US can accommodate the growing global demand for safe assets is by stretching its fiscal and financial capacities, which could strain investors' trust in the dollar and lead to volatility and self-fulfilling crises. FinExtra
• In hinting at possible solutions, the Treasury Department remains wedded to legal remedies that simply cannot mitigate inflation, which stems from supply chain disruptions and induced fiscal crises. / USA Foreign Affairs Magazine
• There have been numerous fiscal crises in the United States where Congress has either failed to pass a budget on time or there were doubts that the federal debt ceiling would be raised, which could cause the US to default on its debt. Asia Times
• Investors cite a series of disruptive events - from repeated debt ceiling crises to partisan brinkmanship over fiscal policy - as signs that the US is no longer the low-risk counterparty it once was. Global Financial Market Review
• With reduced fiscal flexibility, the UK could struggle to respond to future crises - whether another financial meltdown, a public health emergency, or demands for vital public service investment. CapX
• National policy responses to global food crises need to consider other regional vulnerabilities, including climate change, water scarcity, conflict, and rising debt vulnerability stemming from governments' increased fiscal spending. Global nutrition report
• From a global economic standpoint, if countries across the world do not immediately strengthen cooperation, especially for overcoming the food and energy crises, then the fiscal space of developing countries will become increasingly narrow. Antara
• There have been numerous fiscal crises in the United States where Congress has either failed to pass a budget on time or there were doubts that the federal debt ceiling would be raised, which could cause the U.S. to default on its debt. The Conversation

Last updated: 19 June 2026