The M2 growth rate of major global economies far exceeds nominal GDP growth, causing concerns about structural risks

Data shows that since January 2004, the M2 growth rate of major developed economies worldwide has exceeded nominal GDP growth: Canada's M2 growth rate is 368% compared to nominal GDP growth rate of 159%, the United States' M2 growth rate is 279% compared to GDP growth rate of 171%, France's M2 growth rate is 258% compared to GDP growth rate of 84%, the Eurozone's M2 growth rate is 211% compared to GDP growth rate of 102%, and Japan's M2 growth rate is 90% compared to GDP growth rate of 25%.