Surge in global household debt fuels concern: IIF

Tokyo

A NEW international debt crisis, many believe, could be triggered by high levels of government debt and emerging market corporate borrowing. But a new study says that mushrooming household debt in some advanced and emerging economies also represents a serious threat to the global economy.

Singapore is among the top half-dozen emerging economies where the recent surge in household debt has been most marked since 2007, according to the report issued on Tuesday by the Washington-based Institute of International …