A widespread US debt crisis is unlikely but, over the next few years, over-leverage in the non-financial corporate sector, particularly the oil & gas, utilities and telecoms industries, could trigger a rise in defaults and a rebound in corporate bond spreads. In the longer-term, the biggest risk is a public debt crisis, with the Federal debt burden on track to reach 100% of GDP within another decade’s time.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services