The amount, which is also more than three times the world's annual economic output, has been driven by a $7.5 trillion surge in the first half of the year that shows no signs of slowing
One possibility is that the size of borrowings year-on-year will remain high and there is unlikely to be a reduction in supply, says Ashish Parthasarthy, treasurer at HDFC Bank
McKinsey examined the balance sheets of more than 23,000 companies across eleven Asia-Pacific countries, and found firms in most of Asia face 'significant stress' in servicing debt obligations
Between 2000 and 2009, credit for the entire global economy grew at 7.5% annually
Excess liquidity can lead to such a situation
None of the states is in a position to pay debt out of surplus, as there is no surplus, says Icra