- François Dupuis, Vice-President and Chief Economist
Mathieu D’Anjou, Deputy Chief Economist • Hendrix Vachon, Senior Economist
Economic Viewpoint
Business Debt
December 17, 2018
Business debt appears high in some countries. This can feed the fears surrounding future economic growth. Interest rate increases are still a possibility, and business profitability could fall due to the costs associated with debt. That being said, other indicators paint a brighter picture despite the high level of indebtedness. Moreover, it may be preferable to look at the problem of debt as a whole. Government contribution to total debt in advanced countries has outstripped that of businesses over the last 10 years.