Roberto A. Foglietta en Economists and Finance, IT - Information Technology, Automotive ◽Freelance Consultant • ◾www.roberto.foglietta.name 13/11/2017 · 2 min de lectura · +600

The Russia's advantage

The Russia's advantage

Published on November 5, 2017 on LinkedIn

Introduction

Initially written in the comment at this my comment since October 30th, 2017

The United Nations of Debt

If you add up all the money that national governments have borrowed, it tallies to a hefty $63 trillion.

In an ideal situation, governments are just borrowing this money to cover short-term budget deficits or to finance mission critical projects. However, around the globe, countries have taken to the idea of running constant deficits as the normal course of business, and too much accumulation of debt is not healthy for countries or the global economy as a whole.

The U.S. is a prime example of “debt creep” – the country hasn’t posted an annual budget surplus since 2001, when the federal debt was only $6.9 trillion (54% of GDP). Fast forward to today, and the debt has ballooned to roughly $20 trillion (107% of GDP), which is equal to 31.8% of the world’s sovereign debt nominally.

–Source: visualcapitalist.com

Top Ten Economies in the World

The