An ominous but very real challenge to the developed world (the US, EU, and Japan) is reckoning with
high debt loads relative to GDP - also known as Deleveraging.
Not exact matches
Today the position of the USA isn't what it was in the 1970's, and the
debt load relative to GDP is much, much
higher.
Bloomberg writes that Italy has one of the
highest debt loads in the world
relative to the size of its economy.