The Titanic passenger liner sank in 1912 after hitting in iceberg in the Atlantic Ocean. In advanced economies, public debt remains at levels not seen since World War II, while in emerging markets, public debt has accumulated to levels last seen during the 1980s debt crisis. Photo: NZME
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Titanic iceberg of world debt could sink a slowing global economy

  • Debt levels are rising and the fear is that much of the world’s debts are unrecorded, making for a bigger reckoning than official data suggests. This means a bigger crisis should the global economy slow down

TOP PICKS

The Titanic passenger liner sank in 1912 after hitting in iceberg in the Atlantic Ocean. In advanced economies, public debt remains at levels not seen since World War II, while in emerging markets, public debt has accumulated to levels last seen during the 1980s debt crisis. Photo: NZME
READ FULL ARTICLE