Author Topic: Economics Culture  (Read 2388 times)

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Offline the_squid

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Re: Economics Culture
« Reply #135 on: March 27, 2020, 03:04:18 pm »
Something for debt to GDP'ers to think about. A worst case 25% drop in GDP (1.7T to 1.28T) combined with a 16% increase in debt (712B to 824B) will increase the debt to GDP ratio to 64% in a single year. Plus added borrowing as the economy tries to recover.

https://www.cbc.ca/news/politics/covid-19-pandemic-pbo-report-1.5512062

No one claimed that COVID is good for the economy or that there won’t be real hardships because of it.