The US is number#1 for size of deficits among advanced economies. However the Debt to GDP ratio is likely to rise more in France and New Zealand as their nominal growth rate is lower.
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I thought New Zealand has had a fiscally conservative government for a while? Why so high? Not enough political capital/courage to do austerity?
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US Bros, are we cooked?
The US is number#1 for size of deficits among advanced economies. However the Debt to GDP ratio is likely to rise more in France and New Zealand as their nominal growth rate is lower.
I thought New Zealand has had a fiscally conservative government for a while? Why so high? Not enough political capital/courage to do austerity?