Biggest Risk for Global Economy Is Huge Amount of Debt, KPMG Says

The video discusses global economic growth, highlighting strong growth in the US and China, but also the risks posed by high global debt levels, particularly in Italy. It examines US GDP growth driven by consumer spending and tax reforms, while considering the impact of potential trade wars. The discussion also covers the strength of the US dollar, influenced by Federal Reserve rate hikes and rising wages, which could lead to demand-pull inflation.

What are the main factors contributing to the strong economic growth observed in the US?

How have low interest rates influenced debt levels globally since the financial crisis?

Why is Italy considered the most vulnerable country in Europe regarding economic stability?

What impact did the tax overhaul have on consumer spending in the second quarter?

In what ways might rising wages affect inflation and the Federal Reserve's actions?