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by melx
1001 days ago
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UK's debt-to-gdp reached 100.5%, and France has about 112.5% (many other western economies probably have similar level of debt.) I'm not economist, so can someone tell me what does such high debt mean in short/long term perspective? |
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Not an economist either, but in the UK this means ever increasing taxes and lower quality services and infrastructure. And it's not going to change anytime soon.