PARIS: Developed nations should cut their public debt to half of gross domestic product (GDP) over the coming decades from current levels of more than 100% in some countries, the Organisation for Economic Cooperation and Development (OECD) said, flagging a potential long period of deleveraging ahead.
“Countries should reduce debt levels to around 50% of GDP or lower to provide a safety margin against future adverse shocks,” the Paris-based organisation said in a study.
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