Tag Archives: household debt to income

S’PORE’S HOUSEHOLD DEBT TO INCOME RATIO SIMILAR TO PRE-2008 CRISIS UK

According to the article “Steep household debt is the biggest speed bump ahead for Singapore: report” (Singapore Business Review, Mar 14, 2016) – “A report by ICAEW showed that the pace of consumer spending in Singapore has slowed compared to its long-term average, suggesting that steep household leverage are crimping the city-state’s growth prospects.

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