According to the Organization for Economic Co-operation and Development, the combined government debt held by the world’s advanced economies is at its highest point since the Second World War. In 1945, the debt topped out at 116% of GDP; at the end of 2012 it hit 114.4%. The OECD says we’ll hit a new high in 2013.
FILED UNDER: April 1 2013 issue chart debt global economy