Sometimes you have to take a step back a realize just how big of a hole the developed world is in.
The debt load of advanced economies will rise to 106.5% of GDP at the end of this year, up from 79.4% in 2008, according to the IMF.
Japan is lapping the world at an extraordinary 245% of GDP. That’s finally expected to stabilize next year but Japan and most other developed economies are facing a rapidly-approaching demographic crunch that will begin hitting at the end of the decade.
IMF debt projections h/t @fgoria
