Public debt can be both a tailwind and a headwind on the economy, depending on the size of the debt to the size of the economy. Debt is manageable if it grows at a slower rate than economic growth. Public debt thresholds In countries where the public debt is below 60% of GDP, the debt has a positive impact on the economy. When the size of the public debt is between 60 and 90%, the effects are negligible. Public debt becomes a...
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