The reason a debt crisis in the US is worse for the world economy than one in Albania, is because the US has more debt. That is exactly what these charts show and when you make the debt relative to some other metric like population or GDP you hide that. In the last debt crisis China was not a factor, but if would have one now, that would be very different.
The reason a debt crisis in the US is worse for the world economy than one in Albania, is because the US has more debt. That is exactly what these charts show and when you make the debt relative to some other metric like population or GDP you hide that. In the last debt crisis China was not a factor, but if would have one now, that would be very different.