Well, i got the naswer in the same article which says that Financial depth can exceed GDP since the former reflects predicted future returns and growth, while the latter current economic activity.
Thursday, January 18, 2007
MvKinsey Survey: Mapping the global capital markets
On reading the fact that the the value of the world’s financial assets now exceeds global GDP by a factor of three which shows an unprecedented degree of financial depth, i was a bit confused of how's that possible?
Well, i got the naswer in the same article which says that Financial depth can exceed GDP since the former reflects predicted future returns and growth, while the latter current economic activity.
Well, i got the naswer in the same article which says that Financial depth can exceed GDP since the former reflects predicted future returns and growth, while the latter current economic activity.
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