In May, the International Monetary Fund (IMF) released a new “cutting-edge dataset” measuring private and public debt across the global economy since the 1950s, which showed that the world had hit peak debt:
The first observation is that, almost a decade after the collapse of Lehman Brothers, global debt, at $164 trillion—or about 225 percent of global GDP—has reached new record highs…
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
