US Downgrade: An Overview of the Global Debt Crisis
As the Western world stands at the cusp of one of the greatest debt crises in modern history, ForexNewsNow offers you an overview of the world’s most indebted countries in this infographic.
As the graphic clearly shows, Europe and North America lead the world in the Debt to GDP ratio. In contrast, Eastern Asia, with the exception of Japan and Singapore, has largely avoided the ills of excessive public debt.
While the European Central Bank has so far managed to avoid a serious financial crisis over the weekend, the situation remains critical. Will this crisis spread into a much-feared “double-dip” global recession or will Europe and the United States be able to successfully manage the crisis and pay down their debts?
Click to Enlarge Infographic