Debt & Deleveraging (Mckinsey)

Debt and (not much) deleveraging published by Mckinsey Global Institute (2/2015). “After the 2008 financial crisis and the longest and deepest global recession since World War II, it was widely expected that the world’s economies would deleverage. It has not happened. Instead, debt continues to grow in nearly all countries, in both absolute terms and relative to GDP. This creates fresh risks in some countries and limits growth prospects in many…”

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