Rising corporate debt; peril or promise?

McKinseyThis recent publication from the McKinsey Global Institute (MGI) notes that since the 2008 financial crisis, global debt has continued to rise. Much of this increase is due to a surge in government borrowing, but corporate debt has risen over this period by nearly as much. Corporate bond issuance has increased 2.5 times over the past decade, creating a broader and deeper market in many countries. This document examines the fact that total debt (including household, nonfinancial corporate, and government debt) has grown by three-quarters since the financial crisis, from $97 trillion in 2007 to $169 trillion in the first half of 2017 in constant exchange rate terms and the consequences of this.To read more, click  here.