How Long to Read The Global Outlook for Government Debt Over the Next 25 Years

How Long Does it Take to Read The Global Outlook for Government Debt Over the Next 25 Years?

It takes the average reader to read The Global Outlook for Government Debt Over the Next 25 Years by Joseph E. Gagnon

Assuming a reading speed of 250 words per minute. Learn more

Description

This study addresses a fundamentally new feature of the contemporary world economy: the simultaneous buildup of very large public deficits and debt positions in virtually all of the advanced high-income countries. The recent global financial crisis sharply accelerated this fiscal deterioration, but it was already well underway in some countries, including the United States, where demographic prospects had posed extremely worrisome trajectories for a number of years. The book has three basic objectives. First, it projects the global fiscal outlook to 2035. Second, it asks whether the combination of deficits and debt in a large number of countries at the same time produces an impact on the world economy that is qualitatively different from the more traditional emergence of such problems in one or a few countries in any given period. Third, it analyzes the effects of the fiscal prospects on key economic variables including global interest rates and growth rates. The analysis finds that the current public debt profiles in most advanced economies will grow to dangerous and unsustainable levels over the next couple of decades unless major changes are made in projected spending and revenue levels. The authors conclude that the United States and Japan, in particular, need to start planning now for significant future budget cuts to minimize the risk of a crisis. Acting soon enables the adjustment to be phased in over an extended period, which cushions the inevitable adjustment costs, while avoiding the potentially enormous pressures that could be levied by markets if correction is delayed too long.

How long is The Global Outlook for Government Debt Over the Next 25 Years?

The Global Outlook for Government Debt Over the Next 25 Years by Joseph E. Gagnon is 0 pages long, and a total of 0 words.

This makes it 0% the length of the average book. It also has 0% more words than the average book.

How Long Does it Take to Read The Global Outlook for Government Debt Over the Next 25 Years Aloud?

The average oral reading speed is 183 words per minute. This means it takes to read The Global Outlook for Government Debt Over the Next 25 Years aloud.

What Reading Level is The Global Outlook for Government Debt Over the Next 25 Years?

The Global Outlook for Government Debt Over the Next 25 Years is suitable for students ages 2 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Global Outlook for Government Debt Over the Next 25 Years?

The Global Outlook for Government Debt Over the Next 25 Years by Joseph E. Gagnon is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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