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Maybe it’s extra practical To place that variety into an economic context: $34 trillion is bigger than the Chinese overall economy. Insert to that the economies of Japan, Germany, India and the uk, and blended they create about $34 trillion a calendar year.
The reality is, we don’t know. That’s another tough issue about countrywide credit card debt: We don’t know the limits and When we think we do, we appear to be Improper, suggests economist Rajan. “Is there a amount of debt-to-GDP that we must always concern yourself with? Sure. What is that amount? We don’t know.”
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