MGI on Debt and Deleveraging

McKinsey Global Institute has a new report out on debt and deleveraging. Key takeaways from the executive summary are:
- Over leverage is widespread, affecting many different countries and sectors (household, states, financial insititutions, commercial real estate and to a lesser extent corporates)
- Deleveraging has barely begun
- If past episodes are any guide growth will be slow to negative for a few years as
- Past deleveraging episodes lasted 6 to 7 years on average.

The long report (not read) is a goldmine of data with a detailed look at seven past deleveraging episodes.