Switzerland, Australia and Norway have highest consumer credit debt

High debt levels in the private sector are typically associated with recessions, writes Barbara Pianese.

by Barbara Pianese

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As many economists have warned of an impending recession this year, it is important to keep track of debt dynamics.

Elevated debt levels in the private sector and a sharp reduction in investment and spending are two fundamental ingredients that we typically see in recessions.

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Barbara Pianese

Barbara Pianese is the Latin America editor at The Banker. She joined from Mergermarket, where she spent four years covering mergers and acquisitions across Europe with a focus on the consumer sector. She holds an MA in International and Diplomatic Affairs from the University of Bologna having studied in Brazil and France as well.