The world’s balance-sheet is out of kilter with its economy

The world’s balance-sheet is out of kilter with its economy
How rich is the world economy? The conventional answer is about $120trn. That corresponds to global GDP, encompassing all the goods and services the world produced last year. It is, if you like, the planet’s annual income.

econews. This article appeared in the Finance & economics section of the print edition under the headline “The paper wealth of nations”

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