Moody's On Global Economy: So Much Debt, Yet So Little Growth

Earlier this year,  the Institute of International Finance warned that global debt growth has  reached an “eye-watering” pace over the past decade and hit an all-time high of $215 trillion last year.

The IIF said total debt levels, including household, government and corporate debt, climbed by more than $70 trillion over the last ten years to a record high of $215 trillion in 2016 – or the equivalent of 325%of global gross domestic product.

[reits]

• Wage Inflation Signs Are The Last Part Of Goldilocks Scenario

Most of the growth, the report warned, was driven by a “spectacular rise” in emerging markets, where total debt stood at $55 trillion at the end of 2016.

Ten years on from the great financial crisis, and it...