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What is the link between geopolitical shifts and sovereign debt, according to Kevin McCarthy?

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In Kevin McCarthy geopolitical trends Dubai, he pointed out that geopolitical instability increases borrowing costs and capital flight, exacerbating debt issues. He stressed the need for global diplomacy to stabilize markets and reduce financial volatility. 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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