Mounting global debt a cause for concern

By G. Sharmila

In this three-part issue we look at the fast growth of global debt, which is outpacing world GDP growth. What does this mean to the average man on the street? Meantime household debt is also rising rapidly after adding to the severity of the last recession — have we not learned our lesson from the last financial crisis? Finally we look at ways to live with debt and manage the situation. The key, however, is that governments must be willing to listen.