OECD issues warning as debt peaks
Debt has been rising in volume and falling in quality in many OECD countries
Debt is high and rising across many of the countries of the Organisation for Economic Co-operation and Development, creating new vulnerabilities, the group warns in a new report.
The OECD focuses on non-financial and household debt in a pre-released chapter of its economic outlook, Resilience in a time of high debt.
Debt levels differ drastically across OECD countries. Denmark tops the rankings, with household debt close to 300% of disposable income, although it falls into the middle of the
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