The current financial crisis and worldwide recession have abruptly halted a nearly three-decade-long expansion of global capital markets. After nearly quadrupling in size since 1980, world financial assets—including equities, private and public debt, and bank deposits—fell by $16 trillion last year to $178 trillion in 2008, the largest setback on record.
Read the full article and find the report from McKinsey & Company here.
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