Global Economics

Global Economics Update

17 February, 2017

Faster nominal GDP growth helping to bring down debt ratios

Nominal GDP growth in advanced economies has picked up over the past twelve months or so and is likely to remain fairly rapid during the coming two years. This should help households, firms and governments cut their debt burdens, and this in turn will reduce the risk of debt deflation. The recovery in both real GDP growth and inflation means that output in advanced economies expanded by 4% in nominal, annualised terms in Q4 2016. As the chart shows, this is well above its average pace in rece

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