The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 

02 Apr. 2019 | Comments (0)

According to the IMF, total debt worldwide—including government, consumer, financial, and non-financial sources—now amounts to $185 trillion, or some 2.25 times the size of global GDP. A generation ago, the ratio stood at just 1:1. But despite this rapid rise in leverage, the traditional dangers of government debt in particular—soaring inflation and interest rates—have yet to materialize.

Should the evidence of recent decades force experts to reconsider their basic monetary and fiscal assumptions? Have policymakers and the private sector alike reached a new equilibrium of debt tolerance? Or are the established laws of economic gravity still intact—and ignored at our peril?

Chief Economist Bart van Ark surveys the evidence with the help of an expert panel.


Indications 2.8 Resources

  • About the Author: Indications Podcast

    Indications Podcast

    Indications is a public podcast featuring our global roster of thought leaders. Ranging from economic growth and competitiveness to human capital, governance, sustainability, and beyond, each episode …

    Full Bio | More from Indications Podcast

     

0 Comment Comment Policy

Please Sign In to post a comment.

    INDICATIONS | Play All Episodes