Bank Of Baku

US borrowing rate exceeds economic growth 10 times

US borrowing rate exceeds economic growth 10 times
# 10 June 2016 10:05 (UTC +04:00)

Baku - APA-Economics. According to calculations, the borrowing rate of the USA exceeds economic growth by 10 times.

 

APA-Economics reports that according to outcomes of the first quarter, the US debts increased $645 billion. These include corporative, including individuals’ debts.

 

Compared to previous three months, the nominal GDP increased $65 bln to $18.23 trillion in the first quarter of 2016.

 

 

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