Assertion: private sector | /r/CapableOf | undergo massive deleveraging
Facets:
value: "today
type: TEMPORAL
Source sentences:
text: Economist Richard Koo described similar effects for several of the developed world economies in December 2011: "Today private sectors in the U.S., the U.K., Spain, and Ireland (but not Greece) are undergoing massive deleveraging [paying down debt rather than spending] in spite of record low interest rates.