Satyajit Das: Should we worry about the global economy?
#Debt continues to be a major source of instability for the global economy. Since 2007, global debt has grown by $57trillion or 17 % of GDP. Since 2007, no major economies and only five developing economies have reduced the ratio of debt to GDP in the real economy. In contrast, 14 countries have increased their total debt-to-GDP ratios by more than 50 percentage points. Over 20 countries now have debt-to-GDP ratios above 200 per cent, led by Japan (400 %).
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