Infographic: A World in Debt
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World governments have borrowed massive amounts of money to live beyond their means. Some countries have taken steps to curb spending and reduce deficits; others like Greece are battling to avoid a devastating default. This infographic examines some of the the world’s largest economies and shows you just how much they have borrowed.
World governments have borrowed massive amounts of money to live beyond their means. Some countries have taken steps to curb spending and reduce deficits; others like Greece are battling to avoid a devastating default. This infographic examines some of the the world’s largest economies and shows you just how much they have borrowed.
Since the global financial crisis hit in 2008, there has been a lot of attention drawn to national debt and government budget deficits. Many governments are clearly pulling out all the stops in the name of curbing spending and getting their budgets under control. But is austerity the right way to prosperity, and are these measures enough to achieve it?
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via IronFX
