The World's Debt Is Alarmingly High. But Is It Contagious?
Welcome back to a familiar anxiety: global debt contagion.
By
Matthew Philips
February 23, 2016, 2:55 AM GMT+11
PHOTOGRAPHER: QILAI SHEN/BLOOMBERG
One of the loudest creaking sounds coming from the markets right now is the global economy straining under a record pile of debt. The world has continued to borrow hand over fist since the financial crisis, adding nearly $60 trillion since 2007 in the process of pushing the worldwide debt load to $200 trillion, or nearly three times the size of the entire global economy. And that figure takes us only to 2014; we don't yet have fresh debt tallies from last year.
JUST IN CASE YOU HADN'T HAD THE TIME OR FORESIGHT TO LOOK AT THIS in 2016,
What would it be now???? And the truth would be appreciated.
Cheers kh
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