Global Debt doubled in 16 years

global debt

A McKinsey report from February 2015 showed very little signs of slowdown in debt creation. Since the end of 2007, total debt outstanding has grown to almost 3x global GDP. In short we have added approximately all the debt accumulated in 2000 in only 16 years. While arguments that debt servicing has fallen due to low interest rates, we are not seeing strong economic growth rates going back to our central argument that it takes more dollars of debt to create one dollar of GDP growth.

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