Of a healthy self-sustaining recovery may unfortunately be no question in industrialized countries. As our growth outlook is bleak, the Harvard professor Kenneth S. Rogoff determined together with his colleague Carmen M. Reinhart.
The two economists studied together for the years 1946 - 2009 the ratio of public debt to GDP growth in 20 industrialized countries and came to an alarming result: up to a public debt amounting to 90% of GDP succeeds in the developed countries by debt growth of 3 - to buy 4% per year. From this mark, it does not just come to a rapid decline in growth but an economy experiencing a recession even average.
The two economists studied together for the years 1946 - 2009 the ratio of public debt to GDP growth in 20 industrialized countries and came to an alarming result: up to a public debt amounting to 90% of GDP succeeds in the developed countries by debt growth of 3 - to buy 4% per year. From this mark, it does not just come to a rapid decline in growth but an economy experiencing a recession even average.
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