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A vicious upward debt spiral is gaining momentum. The budgets of most advanced economies, excluding interest payments, need 20 consecutive years of surpluses exceeding 2% of gross domestic product – starting now – just to bring the debt-to-GDP ratio back to its pre-crisis level.
Read More »Debt Clocks Tell the Story: Vicious Upward Debt Spiral Gaining Momentum – Take a Look (+5K Views)
