Please turn on javascript in your browser to play chess.
Debates Forum

Debates Forum

  1. 17 Jul '11 22:16 / 1 edit
    http://www.bloomberg.com/news/2011-07-14/reinhart-rogoff-warn-rising-government-debt-levels-threaten-global-economy.html

    From the article above.

    "Nations historically have run into trouble when public debt exceeds 90% of the GDP, and it appears the US and some European nations have passed that threshold.......The biggest risk is that debt will accumulate until the overhang weighs on growth".

    So has the US and some other European countries surpassed their ability for rapid growth based upon current debt levels? Is 2% growth now all that can be hoped for?
  2. 18 Jul '11 09:17
    Two percent growth over a century would result in an economic expansion of 624%.
  3. Subscriber FMF
    a.k.a. John W Booth
    18 Jul '11 09:19
    "Growth Fetish" by Clive Hamilton is an interesting book.
  4. 18 Jul '11 12:36
    Originally posted by KazetNagorra
    Two percent growth over a century would result in an economic expansion of 624%.
    I said the best case scenerio of 2%, not 2% every year. In fact, I doubt we reach it this year.