Ballooning global debt up by record US$57t since 2008 crisis
Rate of increase in global debt now outpaces world GDP growth, raising fresh risks: McKinsey report
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GLOBAL debt has grown by a record high of US$57 trillion since the 2008 financial crisis, posing fresh risks to financial stability.
A recent report by McKinsey Global Institute (MGI) examines the evolution of debt and prospects for deleveraging in 22 advanced economies and 25 developing economies.
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