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The left graph makes it look like the increase is well within the expected yearly variation, the right one starts quite high 325% level, making it deceptive, bu
by midjji 6y ago
The left graph makes it look like the increase is well within the expected yearly variation, the right one starts quite high 325% level, making it deceptive, but also less informative, especially since combined they appear to say that debt continued to increase as before, but gdp dropped by 25% in 2020. That seems excessive, and I would certainly have expected the debt to increase more and be far more exact compared to gdp. So is the takeaway that we didnt really borrow alot in 2020, and gdp estimation is hard?
Conclusion is that the article is likely not based on accurate information.