Articles by The Economist’s U.S. Economics Editor
Jul 7th 2011 | WASHINGTON, DC | from the print edition
In a study early last year, the McKinsey Global Institute, the consultancy’s research arm, noted that combined public and private debt burdens had reached historic highs in many rich countries. Based on previous episodes of debt reduction, it reckoned that once deleveraging began, countries would on average spend the next six to seven years whittling those debt ratios back by around 25%.
Written by gregip
July 7, 2011 at 12:10 pm
Posted in Uncategorized