The 60% chose as reference point because it’s the goal of EU for each one of its member states
Generally speaking lower debt to GDP ratio percentages is an advantage for an economy. But sometimes the lower debt doesn’t necessarily means a healthy economy. Some countries like Russia literally can’t borrow from markets so the debt remain low. Other countries like Turkey devalued their currency which means lowering the debt but at the same that means lower Purchising power of the population as country’s currency weaken constantly.
rintzscar on
USA – 124%
China – 88%
EU – 80%
LegallyEconomist on
I’m actually surprised that Norway is not in the way under 60% group.
_urat_ on
Damn, not looking good for the Western and Southern Europe
Consistent-Annual268 on
What’s with these range definitions😂 Use actual ranges
Vinolik on
Way under and way over is an interesting choice
Opp0site-Researcher on
Why is Balkans disproportionately better than Western Europe (if we exclude Greece)???
nothyacarthohyan on
Surprised by Germany though I expect an economy that big to have some levels of debt
EstablishmentRare798 on
Europe is screwed.
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Source:https://en.wikipedia.org/wiki/List_of_countries_by_government_debt
The 60% chose as reference point because it’s the goal of EU for each one of its member states
Generally speaking lower debt to GDP ratio percentages is an advantage for an economy. But sometimes the lower debt doesn’t necessarily means a healthy economy. Some countries like Russia literally can’t borrow from markets so the debt remain low. Other countries like Turkey devalued their currency which means lowering the debt but at the same that means lower Purchising power of the population as country’s currency weaken constantly.
USA – 124%
China – 88%
EU – 80%
I’m actually surprised that Norway is not in the way under 60% group.
Damn, not looking good for the Western and Southern Europe
What’s with these range definitions😂 Use actual ranges
Way under and way over is an interesting choice
Why is Balkans disproportionately better than Western Europe (if we exclude Greece)???
Surprised by Germany though I expect an economy that big to have some levels of debt
Europe is screwed.