| Government debt/GDP | Nominal GDP | Real GDP | Nonfarm payroll | CPI inflation | Real non-residential investment |
|---|---|---|---|---|---|
| Above 105% | 4.5% | 2.1% | 0.9% | 2.5% | 3.8% |
| 75% to 105 % | 5.4% | 3.2% | 1.6% | 2.4% | 4.7% |
| 75% and below | 8.9% | 3.6% | 2.5% | 5.7% | 10.4% |
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Source: Charles Schwab, Bloomberg, Federal Reserve, ©Copyright 2023 Ned Davis Research, Inc. Further distribution prohibited without prior permission. All Rights Reserved. See NDR Disclaimer at www.ndr.com/copyright.html. For data vendor disclaimers refer to www.ndr.com/vendorinfo/, as of 12/31/2023.