Original article by David Uren
The Australian – Page: 6 : 16-Oct-17
Household debt in Australia now exceeds GDP by 23 per cent, prompting the International Monetary Fund to express concern about the nation’s vulnerability to "risk premium shocks". The combined debt of governments, business and households in Australia is now 147 per cent higher than GDP, compared with just 87 per cent a decade ago. The IMF’s data also shows that the combined debt of Group of 20 nations has risen by $US60trn to $US135trn since the global financial crisis.
INTERNATIONAL MONETARY FUND, GROUP OF TWENTY (G-20)