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• Report on inequality in Europe: Tax harmonisation is the key to curb inequalityNon-press
• Poor working conditions are main global employment challengeNon-press
• For geopolitics of the euro (European Issue n°506)Non-press
• WHO expert panel paves way for strong international governance on human genome editingNon-press
• When neuroscience meets AI: What does the future of learning look like? Non-press
• The gender gap at EU electionsIn the Press
• Living Planet Report 2018: The Great AccelerationNon-press
• The Living Planet Report 2018 shows that wildlife populations have declined by over half in less than 50 years.Non-press
News
At the end of May, the International Monetary Fund launched its new Global Debt Database. For the first time, IMF statisticians have compiled a comprehensive set of calculations of both public and private debt, country by country, constructing a time series stretching back to the end of World War II. It is an impressive piece of work.
The headline figure is striking. Global debt has hit a new high of 225% of world GDP, exceeding the previous record of 213% in 2009. So, as the IMF points out, there has been no deleveraging at all at the global level since the 2007-2008 financial crisis. In some countries, the composition of debt changed, as public debt replaced private debt in the post-crisis recession, but that shift has now mostly stopped.
The headline figure is striking. Global debt has hit a new high of 225% of world GDP, exceeding the previous record of 213% in 2009. So, as the IMF points out, there has been no deleveraging at all at the global level since the 2007-2008 financial crisis. In some countries, the composition of debt changed, as public debt replaced private debt in the post-crisis recession, but that shift has now mostly stopped.
