Deutsche Bank El
GT-2a. Cheap funding has resulted in large rise in debt in some cases
Change in debt since 2007 (percent GDP)
-10 0 10 20 30 40 50 60 70 80 90
China
Malaysia
Thailand
Turkey
Brazil
Poland
Russia
Mexico
Hungary
Indonesia ■ Households
South Africa ■ Nonfinancial companies
India Government
Source: IMF and Deutsche Bank
Deutsche Bank
C: Eilscha Bank RE, Year, 15
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CONFIDENTIAL SDNY_GM_00216202
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