You are here

S'pore Q2 household debt at 77% of GDP

[SINGAPORE] Fanned by easy money, household debt in Singapore has shot up to 77 per cent of gross domestic product since the 2008-09 global financial crisis, according to a report by Bank of America Merrill Lynch. But don't panic. The report, written by the bank's economist, Chua Hak Bin, says

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom