5min chapter

Wall Street Unplugged - What's Really Moving These Markets cover image

How to survive the painful summer ahead

Wall Street Unplugged - What's Really Moving These Markets

CHAPTER

How to Grow Your Way Out of Debt

Since the credit crisis in 2010, world GDP has grown around 3.3% on average annually. And during this time, global debt surged from 210 trillion to 305 trillion today. So how could we grow our way out of this debt with world GDP expected to grow 20% slower than it did for the past 10 years? We had close to 100 trillion in debt in 10 years at 3.3%, but now, like I said, world GDP is supposed to grow just 2.3%. And 2.5% 2024. But we're going to get growth from most European nations are slowing and still have a terrible inflation rate. You see the UK last month at 10%. In a recession

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