Latest Debt-to-GDP ratio Stories
FORT LEE, N.J., Sept. 2, 2014 /PRNewswire-USNewswire/ -- The following is written by Patrick R.
Researchers from North Carolina State University have identified a â€œtipping pointâ€ for national debt â€“ the point at which national debt levels begin to have an adverse effect on economic growth.
The International Monetary Fund warned South Korea Friday its government debt had reached levels that worried other countries. The IMF said government debt in South Korea would jump to 39.4 percent of gross domestic product by 2014, up nearly 10 percentage points from the pre-recession ratio of 29.6 percent, The Korea Times reported Friday. The outlook for public debt is more worrying in many countries, the IMF said.
US Federal Reserve Chairman Ben Bernanke told the House Budget Committee Wednesday to expect difficult choices to control spending.
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