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I'd be more interested in what percentage of global GDP are the debt repayments. This is a bit of scare mongering on Axios part - if the denominator goes down
by boringg 6y ago
I'd be more interested in what percentage of global GDP are the debt repayments. This is a bit of scare mongering on Axios part - if the denominator goes down (gdp as a result of a pandemic) of course the % is going to blow up. At least they did put in a time-series plot of the last years. Yes debt flew up this year ... is anyone surprised given the large scale stimulus by most central banks?
As a side note / gripe - Any reputable news organization should always be putting in time-series plots for any news article talking about talking about budgets/large scale economic values so people can grasp concepts and get honest context. Otherwise it always feels manipulative when they place random large numbers for shock value.