“US corporate debt nears $10 trillion… 47% of economy”
December 3, 2019
“US corporations are sitting on nearly $10 trillion in debt. That’s equivalent to roughly 47% of the overall economy, which is a record, according to date first cited by the Washington Post.
Since the financial crisis in 2008, corporations have splurged on debt amid historically cheap borrowing costs. In recent months, experts have warning that ballooning corporate debt could worsen a future economic downturn…”
If these companies leverage their debt the economy will improve not worsen. If not it really will hurt the economy.