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.


Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s