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Inside world economy engine room: US debt will soon exceed its economic output - Wall Street Journal

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US debt has reached its highest level compared to the size of the economy since World War II and is projected to exceed it next year, the result of a giant fiscal response to the coronavirus pandemic, says BizNews partner Wall Street Journal. The Congressional Budget Office said Wednesday that federal debt held by the public is projected to reach or exceed 100% of US gross domestic product, the broadest measure of US economic output, in the fiscal year that begins on Oct. 1. That would put the US in the company of a handful of nations with debt loads that exceed their economies, including Japan, Italy and Greece. Learn more about your ad choices. Visit megaphone.fm/adchoices

3 Sep 2020 6AM English South Africa Investing · Business News

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