Greece debt to GDP is around 165%
US debt to GDP has climbed to around 129%
https://tradingeconomics.com/united-states/gdp
There has been a move from 107% GDP in 2019 to 129% 2023
22% incease in debt to GDP since 2019 which indicate that supply chain issue and inflation took GDP higher.
When we actually reach a recession and the US economy contracts by 30%, they will be in the same position of Greece.
The effect of a world war will break the camels back and cost the US 10 trillion or more. It will take 20 years to recover. It was only China opening up trade and creating a false economy that created this boom. There is no plan B. The idea of the world economy staying in some infinite boom is fantasy.
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- USA debt to GDP close to Greece.
USA debt to GDP close to Greece.
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