McKinsey Global Institute

Mapping global capital markets 2011

The 2008 financial crisis and worldwide recession halted a three-decade expansion in global capital and banking markets. Today, growth has resumed, fueled not only by expanding developing economies but also by a $4.4 trillion increase in sovereign debt.more

Debt and deleveraging: The global credit bubble and its economic consequences (Updated analysis)

MGI has updated its analysis of how total public and private-sector debt has evolved relative to GDP for selected economies.more

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Debt and deleveraging: The global credit bubble and its economic consequences

The recent bursting of the great global credit bubble has left a large burden of debt weighing on many households, businesses, and governments, as well as on the broader prospects for economic recovery in countries around the world. If history is a guide, one would expect many years of debt reduction, which would exert a significant drag on GDP growth.more

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An exorbitant privilege? Implications of reserve currencies for competitiveness

Could the US prioritize domestic growth and jobs over its global responsibilities, sparking greater currency volatility that threatens competitiveness?more

The new financial power brokers: Crisis update

Although their paths are diverging, all will remain powerful forces in the global economy.more

Global capital markets: Entering a new era

Mature financial markets may be headed for slower growth, while emerging markets will likely account for an increasing share of global asset growth.more

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If you've got it, spend it: Unleashing the Chinese consumer

By pursuing a more aggressive program of comprehensive reform, China's leaders could raise private consumption above 50 percent of GDP by 2025, vaulting China's economy into a new phase.more

The new power brokers: How oil, Asia, hedge funds, and private equity are faring in the financial crisis

Asian sovereign and petrodollar investors emerged as more influential than ever from the financial crisis, while hedge funds and private equity saw their previously rapid growth interrupted.more

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Will US consumer debt reduction cripple the recovery?

US consumers are spending less and saving more. Unless incomes grow faster, each percentage-point increase in the saving rate would reduce spending by more than $100 billion—a serious drag on any recovery.more