World Debt

World Debt World Debt it at an all time high. But how high is high? This infographic looks at some of the causes and compares the stats...and finds out which debt does what Public Debt Government Private Debt Corporations Internal Debt Lenders Ireland Italy UK USA Greece Japan 2000 4000 6000 8000 10000 12000 14000 16000 Public Debt National GDP Causes Between 1997 and 2007, Greece's Public Sector Wages went up 50% increased and 2007 to keep y demands US tax cuts removed billions of dollars which were expected to bring in money to the economy The UKs reduced economic and industrial output in the recession contributed to their debt The Deficit 1600 繼 山 山 The Deficit is defined as the 1200 difference between the government's 400 expenditures and revenues 800 USA UK France Spain Italy What are We Doing about It? The prosperi ty th at we once thought we hadwas a mirage. It wasn't re al prosperity...w hen the bubble burst we entered the rece ssion The deficit has been created by a gap in our system - The unemployed are not working and not paying tax - Companies are not making profits, and not paying tax, - Industry has declined, and factories are not operating efficiently Promote Growth This infographic was produced and brought to you by Gibson & Associates - specialist personal insolvency lawayers in Dublin Sources http://visual.ly/world-debt-101 http://www.imf.org/ http://falseeconomy.org.uk/ Freephone: 1890 989 289 Dublin: o1 872 3143 Letterkenny: o74 91 68888 G Gibson & Associates SOLICITORS World Debt World Debt it at an all time high. But how high is high? This infographic looks at some of the causes and compares the stats...and finds out which debt does what Public Debt Government Private Debt Corporations Internal Debt Lenders Ireland Italy UK USA Greece Japan 2000 4000 6000 8000 10000 12000 14000 16000 Public Debt National GDP Causes Between 1997 and 2007, Greece's Public Sector Wages went up 50% increased and 2007 to keep y demands US tax cuts removed billions of dollars which were expected to bring in money to the economy The UKs reduced economic and industrial output in the recession contributed to their debt The Deficit 1600 繼 山 山 The Deficit is defined as the 1200 difference between the government's 400 expenditures and revenues 800 USA UK France Spain Italy What are We Doing about It? The prosperi ty th at we once thought we hadwas a mirage. It wasn't re al prosperity...w hen the bubble burst we entered the rece ssion The deficit has been created by a gap in our system - The unemployed are not working and not paying tax - Companies are not making profits, and not paying tax, - Industry has declined, and factories are not operating efficiently Promote Growth This infographic was produced and brought to you by Gibson & Associates - specialist personal insolvency lawayers in Dublin Sources http://visual.ly/world-debt-101 http://www.imf.org/ http://falseeconomy.org.uk/ Freephone: 1890 989 289 Dublin: o1 872 3143 Letterkenny: o74 91 68888 G Gibson & Associates SOLICITORS