Outstanding global government debt stands at $42.9 trillion. World economic output will need to grow faster than debt for the world to become better off. This has not happened in recent years. On top of this, the levels of some individual countries’ indebtedness are at breaking point.
The realisation of the looming problems this causes has resulted in periodic volatility if not turmoil, as we have seen over the last four years and again right now.
More than one game in town(2)
As the infrastructure asset class matures, two quite different types of investment are emerging. Former Allianz Capital Partners chief executive Thomas Putter explains why an understanding of this is so crucial.
