CHART: This Is The State Of Global Deleveraging

From Swiss investment bank Pictet comes this analysis of the world’s progress in a global deleveraging cycle.

The chart indicates that Germany seems to be leading the pack—farther ahead on household deleveraging than even the United States. In the eurozone periphery, however, deleveraging has not even begun in the financial sector, spelling trouble ahead.

pictet global deleveraging progress

Photo: Pictet

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.