The G20 is an international forum for the 20 largest industrialized countries in the world, who together represent over 85% of global economic activity (GDP) and two thirds of the world’s population. While the G20 serves as an opportunity for the leaders of the most powerful countries in the world to interface, and hopefully to collaborate, the upcoming meeting in Hamburg, Germany will be overshadowed by a certain unavoidable truth.
As Statista.com notes, all but two of the G20 members, Germany and South Korea, are now running budget deficits. There is perhaps no better ‘sign of the times’ than the fact that nearly all of the large economies of the world are running on increasing amounts of debt.
A sustainable state of affairs this is not.
You will find more statistics at Statista