21st July 2019

Global Developments Bottomline: Geopolitical tensions are on the rise with the seizing of British vessels in the Strait of Hormuz, resulting in statements about “serious consequences”. Meanwhile, the IIF reported an increase in global debt to USD 246.5trn in Q1 this year, almost 320% of global economic output. China’s debt, at over USD 40trn, topped 300% of GDP…