Worst yet to come?

The unprecedented low-level of interest rates during the last decade has left some countries to spend. Now, with the disruption of the global economy from the COVID-19, the countries with high household debt is likely to be the ones that first fail to survive.

Below is an information on the household debt levels in OECD countries.

https://data.oecd.org/chart/5U0k

https://data.oecd.org/chart/5U0o

It looks like Australia, U.K., and Italy stand out from G20s.

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