Macro Analysis /
United Kingdom

GB : Strategy - The global debt overhang and interest rates

    Joachim Klement
    Joachim Klement

    Analyst - Strategy, Accounting, and Sustainability (SAS)

    CGS-CIMB
    25 March 2022
    Published by

    After the financial crisis, investors intensively discussed the large amount of new debt accumulated by governments during the crisis and how this debt could be reduced over time (financial repression was the fashionable expression at that time). Somehow, very few people seem to realise what the lessons from back then imply for the next couple of years and where interest rates could go.