Global debt and the (next) financial crisis
The World Economic Outlook is discreetly pointing a sizeable finger at US government trade war and deficit risks.
Global debt is now higher relative to global income than in 2009 according to the latest International Monetary Fund statistics. This is despite the imposition of much more stringent financial regulation since the 2008 financial crisis. How worried should we be?
A current mainstream view is that
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Global debt and the (next) financial crisis
Analysis,
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