By contrast, as a consequence of fiscal stimulus and socialization of part of the private sector’s losses, there is now a massive re-leveraging of the public sector. Deficits in excess of 10% of GDP can be found in many advanced economies, and debt-to-GDP ratios are expected to rise sharply – in some cases doubling in the next few years.
不仅如此，由于政府出台了大规模财政刺激政策以及部分私人亏损被全民分摊，目前出现了大规模的公共部门重建高杠杆的现象。财政赤字超过 GDP 的 10% ，在许多发达经济体成了司空见惯的事情，今后几年，发达经济体的债务 —GDP 比率肯定会大幅走高，有的甚至会翻一番。