IMF: Historical debt stats will help plot growth strategy
A comprehensive public debt database built by the IMF will help policymakers map out a course for sustainable economic growth, the Fund said on Wednesday.
IMF staff have constructed the database using public debt and GDP figures for 174 countries, with data reaching back to 1791 in the case of the US. "It turns out the relationship between debt and economic growth has changed over time; historically, fast-growing countries had low debt ratios, while slow growers struggled under higher debt," the
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