You may see some scary sights this Halloween night, but none as terrifying as these global economic statistics.
M&G's Bond Vigilantes have put together five scary charts guaranteed to make your hair stand on end, which they have labelled 'not for the fainthearted'. 1. Eurozone bad debt is 9% of GDP The results of the Asset Quality Review and stress test of European banks released last week revealed 25 banks failed one or the other. Although the news did not come as a surprise, the results also showed bad debts as recalculated by the European Banking Authority skyrocketed by 18.3% to €879.1bn, in other words almost 9% of eurozone GDP. Anthony Doyle said: "What terrifies us about the bad de...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
