Debt and deleveraging：Uneven progress on the path to growth.docVIP

Debt and deleveraging：Uneven progress on the path to growth McKinsey Global InstituteUpdated researchJanuary 2012Debt and deleveraging: Uneven progress on the path to growthMcKinsey Global InstituteUpdated ResearchDebt and deleveraging: Uneven progress on the path to growth The McKinsey Global InstituteThe McKinsey Global Institute (MGI), the business and economics research arm of McKinsey amp; Company, was established in 1990 to develop a deeper understanding of the evolving global economy. Our goal is to provide leaders in the commercial, public, and social sectors with facts and insights on which to base management and policy decisions.MGI research combines the disciplines of economics and management, employing the analytical tools of economics with the insights of business leaders. Our “micro-to-macro” methodology examines microeconomic industry trends to better understand the broad macroeconomic forces affecting business strategy and public policy. MGI’s in-depth reports have covered more than 20 countries and 30 industries. Current research focuses on six themes: productivity and growth; global financial markets; technology and innovation; urbanization; the future of work; and natural resources. Recent reports have assessed job creation, resource productivity, cities of the future, and the impact of the Internet.MGI is led by three McKinsey amp; Company directors: Richard Dobbs, James Manyika, and Charles Roxburgh. Susan Lund serves as director of research. Project teams are led by a group of senior fellows and include consultants from McKinsey’s offices around the world. These teams draw on McKinsey’s global network of partners and industry and management experts. In addition, leading economists, including Nobel laureates, act as research advisers.The partners of McKinsey amp; Company fund MGI’s research; it is not commissioned by any business, government, or other institution. For further information about MGI and to download reports, please visit .mckinsey