Global Debt (Dobbs et al.)

Debt and (not much) deleveraging by Richard Dobbs, Susan Lund, Jonathan Woetzel, and Mina Mutafchieva published by McKinsey Global Institute (2/2015). “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 GDP than they did in 2007.”

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