A teller counts yuan at a bank in Lianyungang, in east China's Jiangsu province, in August 2015. Photo: AFP
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Huge public, corporate and household debt looks like the ‘new normal’ for the global economy – until the next crisis

  • Large debts at the public and private level may not matter as long as growth continues and interest rates remain low
  • That could all change should a new financial crisis creep up on the global economy, as has happened before
A teller counts yuan at a bank in Lianyungang, in east China's Jiangsu province, in August 2015. Photo: AFP
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