“There may be another spurt upward in rates if interest expense as a percent of GDP shoots up from its current level of about 3.5 percent toward the almost 5.0 percent levels seen in the ‘80s.”
Interest on the Debt as a Percent of GDP
Published by markskidmore
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts