In a new report, Citi Research analyst Matt King looked at exploding global credit levels, why weakness on emerging markets is having such a large impact on equity markets and exactly where the world stands at this point. According to King, the deleveraging process could potentially be a painful one for global economies.
Since the Financial Crisis in 2008, global economic growth has been lackluster. Growth levels in the United States, Europe and emerging markets have failed to approach pre-crisis levels. However, global credit levels have never been higher.
The global credit level is currently approaching $9 trillion, despite the fact that global GDP growth levels are not back to pre-crisis highs.
Where Is The Credit Being Created?
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