#Argentina is not the only country borrowing heavily these days. @BrookingsInst says the world’s debt-to-GDP ratio has reached 250%, up from 210% before the global economic crisis. http://brook.gs/2j98aWG
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But unlike
#China (250%) and the#UnitedStates (107%),#Argentina's debt-to-GDP ratio (50%) is relatively low, thanks to the last government's inability to access global credit markets.Show this thread
That said, there is a reason for concern over @mauriciomacri's slow reduction in the fiscal deficit, which has necessitated $30 billion in annual borrowing: @FitchRatings estimates that 68% of #Argentina's debt is in a foreign currency, elevating the exchange-rate risk.