McKinsey Global Institute has released a new report examining the evolution of debt across 47 countries—22 advanced and 25 developing—and assessing the implications of higher leverage in the global economy and in specific sectors and countries.
According to McKinsey, global debt has risen by $57 trillion to reach $199 trillion in the seven years following the global financial crisis (GFC) – a 40.1% rise that has easily outpaced world GDP growth:
