The correction actually bolsters the claim that more debt leads to lower growth.
0-30 debt/GDP, 4.2% growth; 30-60, 3.1 %; 60-90, 3.2%,; 90-120, 2.4% and over 120, 1.6%
0-30 debt/GDP, 4.2% growth; 30-60, 3.1 %; 60-90, 3.2%,; 90-120, 2.4% and over 120, 1.6%
Nobody disputes the idea that more debt can result in slower growth. But there's a huge difference between saying that growth with high debt levels has historically been about 2.2% (compared to a more desirable 3%+ with lower debt) and saying that high-debt-growth has been -0.1%. That's an error of 220% in the wrong direction.