The US debt-to-GDP ratio stands at 123%. France 110% UK 100% Italy 130% #UkraineWar #Russia #Europe #USA
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The battlefield is not the only place where war takes place. To simplify one side of the economic war, most western oil importers have a debt-to-GDP ratio of about 100%. Higher energy prices put pressure on rising rates, resulting in higher costs to serve the debt. #Russia