Debt and deleveraging: Uneven progress on the path to growth

This new report by the McKinsey Global Institute updates earlier research on the process of reducing public and private debt in the wake of financial crises and traces the progress of the ten largest mature economies in reducing debt ratios since the collapse of the credit bubble. It describes how deleveraging today is tracking against relevant historical models and what this implies for growth in the coming years. It also discusses the obstacles to finishing deleveraging and resuming growth that major economies face.