Graph of the Day for May 17, 2010

"Spreading European debt woes may be a wake-up call for the United States, which could eventually face a crisis of its own if U.S. leaders fail to summon the political will to tackle growing budget deficits."  Caren Bohan and Glenn Somerville, Reuters.

"U.S. Debt Shock May Hit In 2018, Maybe As Soon As 2013: Moody's" 
Investor's Business Daily headline of May 5, 2010.

General Government Gross Debt (% of GDP)

Source:  IMF.

Hoven's Index for May 17, 2010

Net costs to date of financial sector bailouts, as percentages of GDP:

UK:  5.4%

Germany:  4.8%

Canada:  4.4%

US:  3.6%

Average of the advanced economies of the G-20:  2.7%

France and Italy:  0.3%

Japan and Korea:  0.1%

Australia:  -0.1%

Source:  IMF.

Graph of the Day Archive.