BackOECD: Govt debt-to-GDP ratios to rise in developed countries
OECD: Govt debt-to-GDP ratios to rise in developed countries
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The Organisation for Economic Co-operation and Development (OECD), the rich country club, has slashed its 2012 growth estimates for developed countries, particularly for the euro zone.
But take a look at the chart which shows that government debt-to-GDP ratios will not only remain high, but will also increase in 2013.
That will not only act as a drag on growth, but could mean that the uncertainties associated with the high sovereign debt levels, particularly in the euro area, could continue till 2013.
Also See | Government gross fnancial liabilities as % of GDP (PDF)
Graphics by Ahmed Raza Khan/Mint
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