Is There Hope for High-Debt Economies? - Real Time Economics - WSJ - 0 views
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. Out of 22 advanced economies in the mix, 14 of them breached the 100% debt-to-GDP threshold at least once between 1875 and 1997. (The high debt came from nat
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The good news: the nations that built up high debt still exist.
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The bad news: working off heavy debt loads takes an incredibly long time. Fifteen years after breaching the 100% mark, the median debt-to-GDP ratio was only 10 percentage points lower, the IMF said in a new report released Thursday
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