this pressed: From bust to boom: How the world became addicted to debt – Telegraph

The map above shows the current state of public indebtedness across the globe. Government debt as grown by $27 trillion in the eight years since the financial crisis, according to the McKinsey Global Institute.

From bust to boom: How the world became addicted to debt

Mapped: Eight years on from the financial crisis, the global economy is still awash with record levels of debt. Click on the countries to find who’s in the red and who’s in the black

By and large, the story of the global economy is one in which emerging markets have loaded on debt, while the developed world has struggled to reduce the burdens it amassed in the wake of banking bail-outs and years of stagnant economic growth. The Bank of International Settlements calculates the public sector debt of the G7 countries has grown by 40 percentage points to 120pc of GDP since the crisis began.

via From bust to boom: How the world became addicted to debt – this Telegraph.

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