Rising debt vulnerability in emerging markets: IIF

Tokyo

HOUSEHOLD debt has more than tripled over the past decade in some Asian and other economies with Singapore, Hong Kong and South Korea now having the highest levels of debt per adult, according to a new report from the Washington-based Institute of International Finance (IIF).

The leap in household debt is part of a much larger and wider run-up in global debt - especially in Asia - since the 2008 global financial crisis, according to the report which also draws attention to a surge in corporate debt, in emerging markets especially.