✉news BusinessEconomy first seen 16 h ago, last just now, peak #3
Economists warn US $40 trillion debt worse than Japan's
Original: Japan’s debt is twice the size of its economy—but economists warn U.S.’s $40 trillion sum is worse
Japan's national debt stands at roughly twice the size of its economy, the highest ratio among developed nations, but economists writing in Fortune argue the United States' debt load of around $40 trillion is the more worrying case. They point to America's faster-growing deficits and political gridlock over spending, contrasting it with Japan's domestic, stable creditor base.
Why now: Rising US deficits and debt concerns are keeping fiscal sustainability in the news
Rank over time, top of the chart is #1. 9 snapshots from 10 h ago to just now.
Evidence
- Japan’s debt is twice the size of its economy—but economists warn U.S.’s $40 trillion sum is worse · Fortune
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