App runs on a basic web hosting and might need a couple page reloads to properly cache API responses & graphs
NOTE: permanently taken down due to OECD's API depreciation
About:
The dashboard tracks correlation and calculates the ratio between total net credit card borrowing and Nominal Output growth (all figures are nominal and therefore ratios are money-neutral) in the US and UK. In addition, the dashboard displays growth trends of credit card debt during different stages of business cycle (GDP contraction, GDP expansion).
Economic Context:
Credit card debt and net borrowing enable consumers to smooth out their spending and can stimulate economic growth. A high ratio might indicate that a significant portion of consumer spending is financed through debt, which can be a sign of consumer confidence but also a potential warning for over-leveraging. It may suggest that consumers are over-extended and could cut back on spending dramatically if faced with economic downturns.