Chinese households went from 20% of GDP in terms of debt in 2009 to now roughly 50% of GDP so that’s 30% of GDP & most of this leveraging started around 2014.

by

via @Trinhnomics:

Meanwhile, Latin American households not so indebted, esp Mexicans!!!

 

 

 

Got a news tip or correction? Let us know

If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.

0 views