Part 8 of a series about Taxing Businesses
After the 1980s tax reform the decline in savings and the increase in consumption caused domestic investment to fall, swamping any increase due to incentives from lower taxes on high incomes.
When a liquidity crisis struck China's Evergrande Group in the summer of 2021, it shook the global markets. Debt payments by China's second-largest property developer by sales were estimated in the hundreds of billions of dollars, and the company missed several payments. Those missed payments led to downgrades by international ratings agencies, but the Chinese Read More
Data source: Federal Reserve Economic Data
The codes used to download data:
- W171RC1Q027SBEA . Net domestic investment, Billions of Dollars, Quarterly, Seasonally Adjusted Annual Rate
- W170RC1Q027SBEA Gross domestic investment, Billions of Dollars, Quarterly, Seasonally Adjusted Annual Rate
Article by Visualizing Economics