20/7/17: Euro Area’s Great non-Deleveraging

Jon Government

A neat data summary for the European ‘real economic debt’ dynamics since 2006:
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In the nutshell, the Euro area recovery:
Government debt to GDP ratio is up from the average of 66% in 2006-2007 to 89% in 2016; Corporate debt to GDP ratio is up from the average of 72% in 2006-2007 to 78% in 2016; and Household debt to GDP ratio is down (or rather, statistically flat) from the average of 58.5% in 2006-2007 to 58% in 2016.

This post was published at True Economics on Thursday, July 20, 2017.