Households in Australia and Canada are carrying high-levels of debt in recent years. In both the countries mortgage is a major driver of household debt as prices of houses have skyrocketed. Overall the debt-to-income ratio for households has been rising in both the countries as shown in the chart below: Click to enlarge The household saving …

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The chart below from a journal article shows some key trade figures among Nafta member nations: Click to enlarge   Source: What’s at Stake in Nafta?, WSJ

The US corporate tax rate is one of the highest in the world especially among developed countries. President Trump has proposed to cut this rate to 19% to make the country competitive globally. However according to a report at Schroders the eventual rate is likely to be in around 25%. The chart shows the current …

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Global trade has become the focus of attention in recent weeks with President Trump’s proposed plan to implement 20% tariffs on good imported into the US from Mexico. Emerging countries depend on exports to developed countries since developed countries are major consumers of goods produced cheaply in emerging countries. Countries such as China are major …

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The Union Membership Rate of employees vary widely across countries in Europe and the USA. In Europe, the Scandinavian countries of Finland, Sweden and Norway have the highest union membership rates. The US has one of the lowest union membership rate when compared to most European countries. The chart below shows the union membership rate …

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