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Debt burden in advanced economies now a global threat

By: lkorrow in CONSTITUTION | Recommend this post (0)
Tue, 02 Aug 11 2:12 AM | 116 view(s)
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Msg. 14200 of 21975
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Debt burden in advanced economies now a global threat
July 31, 2011 8:00 am by Financial Times 4 2
By Eswar Prasad and Mengjie Ding

Overall, the worldwide picture of government debt is not pretty.

Data from the IMFâ€™s latest Fiscal Monitor show that the level of aggregate net government debt in the world rose from $21,900bn in 2007 to an expected $34,400bn in 2011. IMF forecasts indicate the level will reach $48,100bn in 2016. The ratio of world net debt to world GDP rose from 42 per cent in 2007 to 57 per cent in 2011, and is expected to hit 58 per cent in 2016

http://blogs.ft.com/economistsforum/2011/07/debt-burden-advanced-economies-now-global-threat/#ixzz1Tor1aC6B

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