Pages

2 April 2015

Debt and (not much) deleveraging

By Richard Dobbs, Susan Lund, Jonathan Woetzel, and Mina Mutafchieva
February 2015

Download 
Executive SummaryPDF–763KB 
Full ReportPDF–3MB 

Seven years after the bursting of a global credit bubble resulted in the worst financial crisis since the Great Depression, debt continues to grow. In fact, rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to GDP than they did in 2007. Global debt in these years has grown by $57 trillion, raising the ratio of debt to GDP by 17 percentage points (Exhibit 1). That poses new risks to financial stability and may undermine global economic growth.

No comments:

Post a Comment