Discover and read the best of Twitter Threads about #ExternalDebt
Most recents (3)
#USA
GDP: $24.88 tn
External Debt: $30.90 tn (124.20% of GDP)
#Japan
GDP: $5.50 tn
External Debt: $12.20 tn (221.82% of GDP)
#UK
GDP: $3.32 tn
External Debt: $9.62 tn (289.76% of GDP)
#France
GDP: $3.40 tn
External Debt: $7.47 tn (219.71% of GDP)
#Germany
GDP: $4.50 tn
GDP: $24.88 tn
External Debt: $30.90 tn (124.20% of GDP)
#Japan
GDP: $5.50 tn
External Debt: $12.20 tn (221.82% of GDP)
#UK
GDP: $3.32 tn
External Debt: $9.62 tn (289.76% of GDP)
#France
GDP: $3.40 tn
External Debt: $7.47 tn (219.71% of GDP)
#Germany
GDP: $4.50 tn
External Debt: $6.87 tn (152.67% of GDP)
#Italy
GDP: $2.05 tn
External Debt: $2.75 tn (134.15% of GDP)
#China
GDP: $19.91 tn
External Debt: $2.71 tn (13.61% of GDP)
#Spain
GDP: $1.90 tn
External Debt: $2.60 tn (136.84% of GDP)
#Canada
GDP: $2.22 tn
External Debt: $2.52 tn
#Italy
GDP: $2.05 tn
External Debt: $2.75 tn (134.15% of GDP)
#China
GDP: $19.91 tn
External Debt: $2.71 tn (13.61% of GDP)
#Spain
GDP: $1.90 tn
External Debt: $2.60 tn (136.84% of GDP)
#Canada
GDP: $2.22 tn
External Debt: $2.52 tn
(113.51% of GDP)
#Switzerland
GDP: $0.90 tn
External Debt: $2.35 tn (261.11% of GDP)
#Singapore
GDP: $0.38 tn
External Debt: $1.81 tn (476.32% of GDP)
#India
GDP: $3.53 tn
External Debt: $0.62 tn (17.56% of GDP)
#ExternalDebt #2022
Kudos to the team MODI
#MODINOMICS
#Switzerland
GDP: $0.90 tn
External Debt: $2.35 tn (261.11% of GDP)
#Singapore
GDP: $0.38 tn
External Debt: $1.81 tn (476.32% of GDP)
#India
GDP: $3.53 tn
External Debt: $0.62 tn (17.56% of GDP)
#ExternalDebt #2022
Kudos to the team MODI
#MODINOMICS
1. #MaxHastings needs to bone up before sketchily declaiming ‘#histrionics in the #West’ about #ChineseBeltandRoad #lending, @thetimes 30 July 22, p 33. Becoming, like that #LeCarré, another raging '#nationaltreasure' discharging disaffected drivel. 
2. Surmises of #moralequivalence between #Chinese and #Western rapacity by #MaxHastings are tenuous. #Pakistanieconomists, long critical of the #BRI, would remind him how 27% of #Islamabad’s #externaldebt, $90bn as of April 2021, is now owed to #Beijing.
3. #Pakistan, since 1988, has been bailed out 12 times and in talks for a thirteenth reprieve as it requires at least $41bn to sustain #foreignexchangereserves. #IMF suspicion of #dodgyChinese #powercompanies borne out in recent #reports.
My take on Pakistan’s #ExternalDebt. (Thread)
This graph shows the rise of our external debt over the last 10 years. We borrow because we have a big deficit of dollars whereby we are spending more than our earnings so we have to borrow to bridge the gap otherwise we default.
This graph shows the rise of our external debt over the last 10 years. We borrow because we have a big deficit of dollars whereby we are spending more than our earnings so we have to borrow to bridge the gap otherwise we default.
PMLN totally wrecked the economy in their last 3 years & deficits went through the roof. Moreover they artificially maintained dollar rate by pumping borrowed foreign currency into market. You can see the effect on external debt; thus the graph starts to rise steeply from 2015.
When PTI took over, they made major necessary changes; such as letting the dollar rise, decreased imports, increased fuel and energy prices & increased interest rate to decrease the deficit.
