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BOA Study Flags $30T GDP vs $34T Debt: Dollar Losing Power
BOA Study Flags $30T GDP vs $34T Debt: Dollar Losing Power
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BTCCSquare news:
Concerns over a potential US dollar collapse have intensified following a Bank of America study highlighting America's precarious GDP-to-debt ratio. The national debt has ballooned to $34.62 trillion against a GDP of $30.34 trillion, sparking debates about the dollar's reserve currency status and investor confidence in its stability.
The dollar's decline—more than 10% in the first half of 2025, its worst start since 1973—has amplified fears. Lauren Sanfilippo, Senior Investment Strategist at Bank of America, maintains that the US economy remains resilient, citing innovation, labor dynamics, and consumer strength. Yet, the mounting debt crisis raises questions about the currency's ability to withstand current economic pressures.
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