Not exact matches
Two more years of economic pain Australia faces a longer period of low growth, higher
debt and higher unemployment
than predicted just four weeks ago as the wave of job losses gathered strength, with clothing manufacturer Pacific Brands axing 1850 staff across the
country.
(More
than a dozen
countries have
debt - to - GDP ratios in excess of 100 %.)
Meanwhile, student
debt has reached $ 1.2 trillion, growing seven times faster
than this
country's mortgage
debt in just the past 10 years.
American Apparel, struggling with $ 91.4 million in
debt, is a relatively small operation to support more
than 280 stores in 20
countries.
Macron has said he hopes to pool liability for various kinds of
debt: a completed banking union would ensure bailout costs for individual financial institutions would be distributed across the continent rather
than borne by individual
countries, and the so - called Eurobonds would allow national governments to borrow money against a joint continental credit rating.
Yet, as a
country, we are probably more vulnerable
than we were a decade ago because we failed to take seriously the most important lesson of the crisis: the dangers of housing mania and the perils of household
debt.
Japan has already lost its AAA status, and Fitch Ratings recently warned it might downgrade the
country's sovereign
debt if it issued more
than the planned ¥ 44 trillion in bonds next year.
But if our history of profligacy has taught us anything, it's that Canada can't afford to be complacent about the
country's more
than $ 500 - billion
debt.
Data from the Portuguese Finance Ministry showed that the
country paid less
than 300 million euros ($ 368.49 million) in interest on its sovereign
debt between 2016 and 2017 due to the increasingly optimistic views from the ratings agencies.
For example, the central bank can not hold more
than a third of a
country's outstanding
debt.
Notably, families in the Northeast spend about 70 % more on college
than those in the West, Midwest, and South, which might explain why the average
debt per graduate is higher in that part of the
country.
While the U.S. and Europe are currently grappling with huge
debts, a lot of the developing
countries had their financial crises more
than a decade ago and are now less vulnerable to shocks.
China certainly has a high absolute level of
debt, with levels much higher
than those seen in other emerging market (EM)
countries who experienced
debt crises, according to Bloomberg data.
More
than half of
Country Garden's $ 12.8 billion in
debt is denominated in American or Hong Kong dollars, though the company said on Wednesday that its overall cost of borrowing had declined.
Those
countries with less - developed institutions and financial systems, limited policy credibility, greater foreign currency
debt and / or more precarious economic situations are certainly more exposed
than others to external shocks.
The
debt deal, which came on Friday after about 19 similar summits since the start of the
debt crisis (with few results), called for
countries that use the euro to allows two European bailout funds to aid European banks directly, rather
than make loans to governments to bail out the banks.
Today less
than half of America's
debt is domiciled in the
country.
In the Fall Update, the government will not only be able to show the elimination of the deficit (something no other G - 7
country has achieved) one year earlier
than targeted, but also to show a declining
debt ratio, rapidly approaching the government's target of 25 per cent, the lowest since the 1960s
For a few years during the heyday of the 1920s bubble, Germany was able to do just this, borrowing more
than half of its reparation payments from the US markets, but much of this borrowing occurred because the great hyperinflation of the early 1920s had wiped out the
country's
debt burden.
There are so many reasons why this is wrong (to list just the most obvious, poor
countries have much lower
debt thresholds
than rich
countries, Japanese
debt can not possibly be dismissed as not being a problem, and because it is almost impossible to find an economist who understands the relationship between nominal interest rates and implicit amortization, Japanese government
debt has probably only been manageable to date because GDP growth close to zero has permitted interest rates close to zero) and yet inane comparisons between China's
debt burden and Japan's
debt burden are made all the time.
And thirdly, of course, higher leverage means that monetary policy's impact via its effect on the behaviour of borrowers will be bigger
than in the past — especially in a
country like Australia where the majority of household
debt is at floating rates.
In that case, with incentives lines up so that all the major economic agents worsen the
debt problem,
debt must rise faster
than both GDP and the
country's
debt - servicing ability.
As student loans and other
debt balances rise across the
country, more people find themselves buried under
debt owing far more
than they have.
This is the next great challenge for Beijing, and when the regulators finally do start to repair overextended balance sheet, with a much higher
debt - to - GDP ratio
than any other
country at China's stage of economic development, according to a presentation Monday night by my very smart former student, Chen Long, I expect annual GDP growth rates will continue dropping steadily, by 1 - 2 percentage points a year through the rest of this decade (and there has been increasing talk in the past month or two that GDP growth rates are already 1 - 2 points below the printed rates).
The
country's fiscal spending, according to the Congressional Budget Office, may increase the national
debt as a percent of GDP to a higher level
than Italy in five years.
As you can see, Japan is one of the top holders of gold, but at 400 percent, its
debt - to - GDP ratio is higher
than any other
country's in the world.
With
debt already higher as a share of Gross Domestic Product (GDP)
than at any time other
than the aftermath of World War II, this new
debt is likely to slow economic growth and hasten the
country's fiscal deterioration.
The
country will need to cover a large share of its remaining refinancing needs for the year in October, when more
than 20 billion euros in
debt comes due.
Still, the
debt - to - GDP ratio has declined for four consecutive quarters, and 34 of the 47
countries in the survey have lower ratios
than they had a year earlier.
Barclays advised its clients on three M&A deals with a total value of $ 2.5 billion, a higher value
than any other bank in Israel, and led the
country's
debt market by raising $ 1.4 billion in three bond deals.
In the years immediately following these problems, credit outstanding grew more slowly
than nominal GDP and, in a number of
countries, fell in absolute terms as businesses and financial institutions sought to correct the excessive
debt positions built up during the 1980s.
The state did better during the
country's most recent economic problems
than many other states, but Utah residents are still having problems getting their
debt under control.
Many
countries across emerging Europe are rich in resources, have strong banking and manufacturing sectors, healthy economies and lower
debt levels
than their western neighbors.
However, Tennessee, like most states in the
country, was badly hit by the nation's most recent economic woes, and residents are carrying far more
debt than they would like as a result.
China's economic growth target for 2017 was announced by the
country's leadership as around 6.5 %, a move widely seen as a further focus on stability and risk management, rather
than on the creation of additional
debt in order to sustain previous levels of growth.
Venezuela has stopped making payments on more
than $ 1 billion it owes to a Canadian mining company, highlighting the
country's extreme difficulties in paying off its overseas
debt.
Couple that with the fact that the average American puts less
than 5 % of their disposable income aside for savings, it's no wonder this
country is bearing the burden of excessive
debt.
The only thing you have wrong is inserting your clear self interest and calling for the government to not intervene, despite the fact that our
debt to income ratio is the highest of the G7
countries and higher
than it was in the US in 2008 — this is not part of a normal economic cycle and you're being irresponsible.
Therefore, Greece pays less
than the
countries with much lower
debt - to GDP ratios; however the payments falling due this year are the real issue.
However, developed
countries always have higher levels of private
debt than developing
countries do, partly due to very low access to credit and credit cards in developing
countries.
On top of the obvious human suffering caused by crushing
debt, the fact that more
than a fifth of the mortgages in this
country are underwater is a huge drag on the economy.
We have been UNITED, as our
country's name clearly states, in purpose, but our current president has radically changed that, to put us in the path of a welfare state and more
debt than we could have ever imagined.
Whilst a new
debt crisis has exploded, it is more
than time to mobilise action to support the complete cancellation of the
debt of the peripheral
countries.
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$ 1.2 Trillion will be worth less 50 years from now
than it is today, which is another reason
countries do not strive to pay off all their
debt.
We had among the most leveraged banks of any
country, a house price boom as large as America's or Spain's, and higher levels of household
debt than any other
country in the world.
A zero net transfer occurs when «inflows from new international lending have roughly offset the outflows to service
debts incurred in earlier years»; a negative net transfer is when a
country «actually pays more in
debt service
than it receives in new money» (p. 36).
Aside from pure numbers, there is much more confidence in the US ability to repay its
debts - the
country is the wealthiest in the world, and it has never defaulted -
than Greece's.
The 1980s African
debt crisis was created by a variety of factors (much more complex than the commonly attributed «poor African leadership» theory), including irresponsible over-lending by private creditors seeking high returns, the tendency towards one product commodity economies, the targeting of developing countries for high interest loans, the global monetary shock of 1979 - 81, trade protectionism in Northern countries, the depreciation of the US dollar, the prolonged drought of 1981 - 84, among other factors (see African Debt Revisit
debt crisis was created by a variety of factors (much more complex
than the commonly attributed «poor African leadership» theory), including irresponsible over-lending by private creditors seeking high returns, the tendency towards one product commodity economies, the targeting of developing
countries for high interest loans, the global monetary shock of 1979 - 81, trade protectionism in Northern
countries, the depreciation of the US dollar, the prolonged drought of 1981 - 84, among other factors (see African
Debt Revisit
Debt Revisited).
Meanwhile, our national
debt is rising faster
than any
country in Europe other
than Spain.