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Public debt to revenue across major economies - Codera Analytics

Public debt to revenue across major economies

Reinhart and Rogoff (2010) argue that the ratio of public debt to revenue is a useful indicator of debt default risk. Today’s chart of the day shows that  many countries’ recent levels of debt to revenue have been much higher than the levels presented by Reinhart and Rogoff for countries that experienced debt defaults before the global financial crisis of 2008/9.