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Asian Nations Swimming in Debt at Risk From Fed Rate Hikes
Indonesia have avoided the accelerating pace of leverage elsewhere, partly because of relatively less developed banking industries that make it harder for households to borrow. Indonesia also has strict fiscal rules in place, a legacy from past crises, that cap the annual budget deficit at 3 percent of GDP and total government debt at 60 percent of GDP.
According to a recent Standard Chartered Plc report looking at the evolution of Asian leverage between June 2008 and June last year, Malaysia’s overall debt load rose to 240 percent of GDP, up from 173 percent of GDP. This is one of the largest increases of any country in Asia during the eight-year period.
Readmore: https://www.bloomberg.com/news/arti...aise-risks-for-asian-nations-swimming-in-debt
Indonesia have avoided the accelerating pace of leverage elsewhere, partly because of relatively less developed banking industries that make it harder for households to borrow. Indonesia also has strict fiscal rules in place, a legacy from past crises, that cap the annual budget deficit at 3 percent of GDP and total government debt at 60 percent of GDP.
According to a recent Standard Chartered Plc report looking at the evolution of Asian leverage between June 2008 and June last year, Malaysia’s overall debt load rose to 240 percent of GDP, up from 173 percent of GDP. This is one of the largest increases of any country in Asia during the eight-year period.
Readmore: https://www.bloomberg.com/news/arti...aise-risks-for-asian-nations-swimming-in-debt