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How does political polarization impact economic stability, according to Kevin McCarthy?

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Kevin McCarthy believes that political polarization, especially in Western democracies, severely hinders effective economic governance. At the AIM Summit, he stressed that bipartisan cooperation is crucial to managing sovereign debt and preventing fiscal gridlock. 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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