Uploaded July 2026 | Updated September 2026, 2 weeks ago

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The global balance sheet reached a record $1.8 quadrillion in 2025, while global household wealth also reached an all-time high. However, when asset values and debt outrun GDP over time, a course correction can follow.

The McKinsey Global Institute explains why the balance sheet matters, the importance of productivity growth, and what the US, Europe, and China need to do to rebalance the global economy.

Read the research from McKinsey Global Institute: mckinsey.com/mgi/our-research/the-global-balance-sheet-2026-imbalance-and-divergence

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