⛔️ Italy $2.31 Trillion Debt Bottoms At 7.2% Of GDP: Cable FX Macro
- Rosbel Durán
- Sep 30, 2022
- 1 min read
As credit default swaps rise, it is worth snap looking at a debt monitor. Most countries in the watch list hold a deficit to GDP, so we labeled the bars this way. Of course, positive figures like Norway and Denmark hold a budget surplus
Italy tracks a deficit of 7.2% of GDP, this leaves the county slightly above the Greek debt share of output. Spain follows at 6.9%, France holds a 6.5%
Spain and France, hold a way better status in the foreign debt ratings. Meanwhile, Italian debt holds BBBu, Baa3u, BBBu at S&P Global, Moody's and Fitch
In monetary terms, U.S. and Japan ranked top with $23.68 tln and $8.74 tln in debt, respectively
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