Please click on the link below to view Shane Oliver's views on global debt.

Key points raised are:

• Global debt levels have reached new records
• Countries with very high gross debt to GDP include Japan, Belguim, Canada, Portugal and Greece.
• The mains areas of rising debt since the GFC have been public debt in developed countries and private debt in emerging countries
• Global debt is not as a big a concern as headline numbers suggest and debt to income ratios will tend to rise through time simply because of saving and investing.
• Key signs to watch though are a broad-based surge in debt along with signs of excess such as over investment, rapid broad-based gains in asset prices and surging inflation and interest rates.