Oddo BHF - The moment of truth for public debt

Report

Oddo BHF

Bruno Cavalier

The moment of truth for public debt

Crises leave a legacy of public debt. Expansion phases should thus be used as an opportunity to pay down debt and restore space for fiscal stabilisation. This is easier said than done. After the Great Recession of 2008-2009, the public debt ratio climbed by 26 points of GDP in advanced countries. It did not fall back again during the following decade, except in a few rare cases (Germany). This did not imperil debt sustainability since interest rates were compressed by the action ...

11/04/2024 1 EN

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Bruno Cavalier

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The moment of truth for public debt

Ørsted : Good performance in offshore encouraging

Leifheit AG : Making life at home easier and more convenient

Novo Nordisk : Diabetes franchise leading the way

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