FREE: McKinsey & Co’s research division estimates that since 2007, the IOUs of governments, companies, households and financial firms in 47 countries has grown by US$ 57 trillion to US$ 199 trillion, a rise equivalent to 17 percentage points of GDP.
McKinsey: The whole world built on debt
www.kinibiz.com
That's the warning today from McKinsey & Co's research division which estimates that since 2007, the IOUs of governments, companies, households and financial firms in 47 countries has grown by US$ 57 trillion (RM203.3 trillion) to US$ 199 trillion, a rise equivalent to 17 percentage points of gross do…
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