Doom and gloom? The Organisation for Economic Co-operation and Development, (OECD), has warned that the effects of the pandemic will be far reaching and will likely hit the UK harder than other comparable major economies. As the OECD reports of a very slow and difficult recovery for the UK, weRead More →
Last week the Washington based World Bank published its bi-annual Global Economic Prospectus. Debt accumulation They point out that over the last 50 years the world has seen 4 waves of debt accumulation and that the latest one, which started in 2010 was ‘’the largest, fastest and most broad-based increase’’Read More →
The Institute of International Finance recently reported that global debt has now hit $250 trillion. That’s an awful lot of debt. When you see the word ‘trillion’ written down as a word, it doesn’t really convey just how big that number really is. Just take a look at that number again forRead More →