In the United States, the ratio of net debt-to-G.D.P. is seventy-three per cent.
Its ratio of net debt to adjusted Ebitda shrank to 4.5 from 6.6.
After a doubling of national debt in the early 1990s the ratio of net debt to national income had, by 1997, risen to 44perr cent.
In 2007, Blyth reminds us, the ratio of net public debt to G.D.P. was just twelve per cent in Ireland and twenty-six per cent in Spain.
And at midyear, its ratio of net debt to net assets plus net debt stood at just 6 percent.
The company's gearing – the ratio of net debt to earnings before interest, tax, depreciation and amortisation – has jumped from 1.72 times in the first half of last year to 3.4 times.
For comparison, the structural deficit in the United States is roughly three per cent of G.D.P., and the ratio of net debt to G.D.P. is about eighty per cent.
The IMF thinks that in all three the ratio of net debt to GDP will be lower in 2016 than today.
It ruled once more that Mr Osborne will breach his rule that the ratio of net debt to gross domestic product (GDP) will be falling by 2015/16.
But after plummeting to new lows during the recession, the ratio of net business investment to G.D.P. remains depressed by historical standards.
By comparison, simply looking at a country's ratio of net debt to G.D.P. would have been a better predictor of default.
