Private debt in developed countries carpet steam cleaner continues to grow
Related Topics: Poland will no longer be so cheap to finance the Mother of the recession is the fear of a recession is the most important growth Main issue for the Spanish economy is its private debt What is the end of the crisis? Statistics does not say anything about the real economic growth criteria of economic success The world economy carpet steam cleaner is strengthened, carpet steam cleaner but risks are the Hausner Team: In the second half of GDP growth in Poland will reach 5 percent. Exporters bear the costs of a strong yuan and the transformation of the Chinese economy
One of the reasons for the slow growth in developed countries is the persistent high level of indebtedness of the private sector and the public. Although the debt of the private sector in some developed countries decreased compared with the peak in 2008-2009, but still remains at a level much higher than in the middle of the last decade.
In many countries, moreover, not private debt fell, and some even significantly increased. Public debt is growing and, according to the well-known pair of professors from Harvard - Carmen Reinhart and Kenneth Rogoff - it will be necessary debt reduction methods used so far during the financial crises carpet steam cleaner in developing countries.
In 2005-2008, the debt of the private sector (non-financial corporations, households and non-profit organizations) increased in all EU countries except Germany. Germany is the only country carpet steam cleaner in Europe carpet steam cleaner where the current level of private debt is lower than in 2000. Before the financial crisis the fastest growing debt in Ireland, Bulgaria, Hungary, Estonia and Spain. All of these countries in 2008-2009 survived a very deep crisis. Poland was and is a country with a relatively low level of private debt, which in 2005-2008 but increased carpet steam cleaner - by 25.8 percentage points (compared to GDP). This was a significant increase, but twice lower than in Hungary and more than twice lower than in Ireland and Bulgaria.
In 2012, private debt was significantly lower (by at least 10 points. Percentage.) Of the maximum (in 2008 or 2009) in Luxembourg, Latvia, carpet steam cleaner Lithuania, Estonia, carpet steam cleaner Spain, Great Britain, Hungary, Germany, Bulgaria , Sweden, Belgium, Malta and Denmark. In Ireland and Cyprus at that time there was a significant increase in debt. A significant increase in the debt recorded carpet steam cleaner as France, while in other countries the debt decreased or increased slightly.
The private sector carpet steam cleaner in the new EU countries is generally less indebted than in Western Europe. The exception were the countries that have introduced a currency board, which in practice means a fixed exchange rate (Bulgaria, the Baltic States) carpet steam cleaner and Hungary.
In Poland, after joining the European Union rapidly growing private debt, especially household. While this growth started from a low ceiling - in 2000, household debt was only 7 percent. GDP - but by 2008 growth was alarmingly high. If the rate of indebtedness of Polish households from 2005-2008 - 37.5 percent. year - remained longer in 2013 would exceed 100 percent. GDP.
Probably earlier there would be bursting at the Polish credit market (primarily mortgages) with all its consequences for the economy. The global crisis, the consequences of which we felt only indirectly helped us avoid the direct carpet steam cleaner effects of our own financial crisis. carpet steam cleaner In the U.S., less indebted families
In the United States, the effect of the financial crisis was starting the process of deleveraging households. In 2007, the debt American families (mainly mortgage and consumer loans) was close to 100 percent. GDP. In mid-2013 this debt amounted to "only" 80 percent. GDP, but it was still significantly higher than before the credit bull market, which led to the creation of the housing bubble and eventually to the crisis.
U.S. corporate debt growth was slower than households. The level of debt is lower than in Japan and some European countries, although higher than in Germany. The debt of U.S. corporations declined slightly in 2008-2011, but two years is growing again. As a result, the U.S. economy is growing faster than the European, although more slowly than in the period when the debt was much lower. Delewaryzacja households makes their expenses, especially for investment purposes, are smaller.
In 1990-2000, U.S. corporate debt remained stable at around 65 percent. GDP, while households increased slightly from 62 per cent. GDP to 68 percent. GDP. This level of debt allowed companies to increase investment spending and high GDP growth.
Japan in the early 90s survived the financial crisis, which was one of the causes of high corporate indebtedness to banks. Over the decade of the 80s Twentieth century corporate debt rose from levels
Related Topics: Poland will no longer be so cheap to finance the Mother of the recession is the fear of a recession is the most important growth Main issue for the Spanish economy is its private debt What is the end of the crisis? Statistics does not say anything about the real economic growth criteria of economic success The world economy carpet steam cleaner is strengthened, carpet steam cleaner but risks are the Hausner Team: In the second half of GDP growth in Poland will reach 5 percent. Exporters bear the costs of a strong yuan and the transformation of the Chinese economy
One of the reasons for the slow growth in developed countries is the persistent high level of indebtedness of the private sector and the public. Although the debt of the private sector in some developed countries decreased compared with the peak in 2008-2009, but still remains at a level much higher than in the middle of the last decade.
In many countries, moreover, not private debt fell, and some even significantly increased. Public debt is growing and, according to the well-known pair of professors from Harvard - Carmen Reinhart and Kenneth Rogoff - it will be necessary debt reduction methods used so far during the financial crises carpet steam cleaner in developing countries.
In 2005-2008, the debt of the private sector (non-financial corporations, households and non-profit organizations) increased in all EU countries except Germany. Germany is the only country carpet steam cleaner in Europe carpet steam cleaner where the current level of private debt is lower than in 2000. Before the financial crisis the fastest growing debt in Ireland, Bulgaria, Hungary, Estonia and Spain. All of these countries in 2008-2009 survived a very deep crisis. Poland was and is a country with a relatively low level of private debt, which in 2005-2008 but increased carpet steam cleaner - by 25.8 percentage points (compared to GDP). This was a significant increase, but twice lower than in Hungary and more than twice lower than in Ireland and Bulgaria.
In 2012, private debt was significantly lower (by at least 10 points. Percentage.) Of the maximum (in 2008 or 2009) in Luxembourg, Latvia, carpet steam cleaner Lithuania, Estonia, carpet steam cleaner Spain, Great Britain, Hungary, Germany, Bulgaria , Sweden, Belgium, Malta and Denmark. In Ireland and Cyprus at that time there was a significant increase in debt. A significant increase in the debt recorded carpet steam cleaner as France, while in other countries the debt decreased or increased slightly.
The private sector carpet steam cleaner in the new EU countries is generally less indebted than in Western Europe. The exception were the countries that have introduced a currency board, which in practice means a fixed exchange rate (Bulgaria, the Baltic States) carpet steam cleaner and Hungary.
In Poland, after joining the European Union rapidly growing private debt, especially household. While this growth started from a low ceiling - in 2000, household debt was only 7 percent. GDP - but by 2008 growth was alarmingly high. If the rate of indebtedness of Polish households from 2005-2008 - 37.5 percent. year - remained longer in 2013 would exceed 100 percent. GDP.
Probably earlier there would be bursting at the Polish credit market (primarily mortgages) with all its consequences for the economy. The global crisis, the consequences of which we felt only indirectly helped us avoid the direct carpet steam cleaner effects of our own financial crisis. carpet steam cleaner In the U.S., less indebted families
In the United States, the effect of the financial crisis was starting the process of deleveraging households. In 2007, the debt American families (mainly mortgage and consumer loans) was close to 100 percent. GDP. In mid-2013 this debt amounted to "only" 80 percent. GDP, but it was still significantly higher than before the credit bull market, which led to the creation of the housing bubble and eventually to the crisis.
U.S. corporate debt growth was slower than households. The level of debt is lower than in Japan and some European countries, although higher than in Germany. The debt of U.S. corporations declined slightly in 2008-2011, but two years is growing again. As a result, the U.S. economy is growing faster than the European, although more slowly than in the period when the debt was much lower. Delewaryzacja households makes their expenses, especially for investment purposes, are smaller.
In 1990-2000, U.S. corporate debt remained stable at around 65 percent. GDP, while households increased slightly from 62 per cent. GDP to 68 percent. GDP. This level of debt allowed companies to increase investment spending and high GDP growth.
Japan in the early 90s survived the financial crisis, which was one of the causes of high corporate indebtedness to banks. Over the decade of the 80s Twentieth century corporate debt rose from levels
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