Global Government Debt
Government debt levels are supposed to decrease in times of economic recovery and growth. From 2012 to 2015, U.S. growth averaged 2.4% a year compared to 3.7% a year from 2001 to 2010. This low level of growth since the Great Recession has not made a dent in government debt levels. Instead, the debt-to-GDP ratio in the U.S. increased to 233% in 2014 from 217% in 2007. Even worse, the same metric jumped from 241% to 313% in Spain and from 336% to 400% in Japan over the same time period. Greece has failed to meet objectives after each bailout and now forgiveness of a portion or all of the debt could be possible.