The Business Times
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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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Prisca Ang

Prisca Ang

Published Thu, Feb 5, 2015 · 09:50 PM
    Global upswing

    Singapore

    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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