Selasa, 18 Januari 2011

WEF Says Credit Levels Will Need To Double Over Next 10 Years

Credit levels will need to double over the next 10 years, growing by $103 trillion, to support consensus-projected economic growth. This doubling of credit could be achieved without increasing the risk of major crisis, finds More Credit with Fewer Crises: Responsibly Meeting the World’s Growing Demand for Credit, a report released by the World Economic Forum in collaboration with McKinsey & Company.

The study develops a detailed global credit model using historical credit volumes and forecasting potential credit demand to 2020 across 79 countries, representing 99 percent of world credit volume.

See the entire study here (large PDF).

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