Median government debt-GDP ratio stands at 52%, up from 36% before the 2008 crisis.
The Guardian reports that “Like many institutions the IMF has warned that rising levels of inequality have a negative impact on investment and productivity as wealthier groups hoard funds rather than re-invest them in productive parts of the economy. Without a rise in investment economies remain vulnerable to financial stress.”
Another point to add to my recent slideshow blog on how the rich could save the world ….and more than that, are – with a few noble exceptions – imperiling it with their current behaviour.
Image: screenshot of IMF video