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PR Newswire
31-08-2014, 09:15 PM
Crisis in the making: Economists raise the alarm over Singapore’s
Consumer credit is now 75% of the GDP.
Singaporean households are clearly biting off more than they can chew when it comes to borrowing. The country’s ballooning household debt is becoming a steady source of concern for economists in the region, with most raising the alarm over the unsustainable and unprecedented rise in household credit.
- See more at: http://sbr.com.sg/economy/in-focus/crisi...1Mfbq.dpuf
http://sbr.com.sg/economy/in-focus/crisi...sehold-deb
Consumer credit is now 75% of the GDP.
Singaporean households are clearly biting off more than they can chew when it comes to borrowing. The country’s ballooning household debt is becoming a steady source of concern for economists in the region, with most raising the alarm over the unsustainable and unprecedented rise in household credit.
- See more at: http://sbr.com.sg/economy/in-focus/crisi...1Mfbq.dpuf
http://sbr.com.sg/economy/in-focus/crisi...sehold-deb
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.