The US debt ratio is currently around 100 percent of gross domestic product. The International Monetary Fund calculates a quota of 140 percent of GDP by the next presidential election in 2028.
The rising level of debt presents uncertainties that could lead to severe market turbulence. What happens if Biden's debt-financed economic programs do not lead to the hoped-for growth? And what does the difficult situation mean for German private investors? In this podcast, Christian Schütte, chief economist at manager magazin, provides information about this in conversation with editor-in-chief Sven Clausen.