High level household debt hurts growth "".....economic studies have regularly found that high levels of household debt is a negative for economic growth. Moreover, some economists have found a strong relationship between high levels of consumer debt and economic crises. Yet if you read the business press, analysts and government officials see rising consumer borrowing as a plus for growth. How does that make sense?" discusses a new paper from International Bank of Settlements.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment