World Finance

World Finance

January 11, 2016 10:00 ET

World Finance: Death by Debt

LONDON, ENGLAND--(Marketwired - Jan. 11, 2016) - Unprecedented levels of global debt have accumulated as a result of the financial crisis. With another recession looming, the world economy could soon be buried by its own borrowing habits. A new World Finance report questions whether the global economy could suffer a death by debt, and asks what will become of the world once it has been consumed by its own losses.

At more than $57tn, the global debt pile is growing larger by the day, and - if kept unchecked - the issue threatens to spark yet another economic crisis. "This massive accumulation of debt around the world, combined with the fact that very little has been done to deleverage the global economy both in terms of household or public debt," according to the World Finance report, "has led many commentators to contend that the seeds for the next economic crisis have already been sown."

Whereas some higher earners are seeing signs of a recovery, the improvements have largely passed the general public by, leaving them afraid of the cataclysm they see coming. Professor of Economics Emeritus at the University of Massachusetts and producer of the Economic Update podcast Richard D Wolff told World Finance: "The truth of it is that you now have a system that is desperately trying to figure out how to be successful… for those at the top, without being so disastrous for everyone else that it destroys itself."

Also in the latest issue of World Finance, we take a look at the reshoring of American manufacturing, Africa's untapped beer market, the prospect of an emerging tech bubble, and much, much more in the world of business and finance.

To read any of the above stories and more, pick up the latest issue of World Finance, available in print and online now.

http://www.worldfinance.com/

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