✉news BusinessEconomy first seen 5 h ago, last 33 min ago, peak #3
Economists say U.S. debt burden worse than Japan's despite size gap
Original: Japan’s debt is twice the size of its economy—but economists warn U.S.’s $40 trillion sum is worse
Japan carries public debt equal to roughly twice its gross domestic product, the highest ratio among major economies. Yet economists quoted by Fortune argue the United States' roughly $40 trillion national debt is the more serious problem, pointing to faster growth in borrowing, political gridlock over spending, and the dollar's global role making U.S. fiscal risks harder to contain.
Why now: Rising U.S. deficits and debt-ceiling debates keep comparisons with Japan's famously large debt in the spotlight.
Rank over time, top of the chart is #1. 5 snapshots from 5 h ago to 33 min ago.
Evidence
- Japan’s debt is twice the size of its economy—but economists warn U.S.’s $40 trillion sum is worse · Fortune
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