ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

Crisis in the making: Economists raise the alarm over Singapore’s
Consumer credit is now 75% of the GDP.

Singaporean households are clearly biting off more than they can chew when it comes to borrowing. The country’s ballooning household debt is becoming a steady source of concern for economists in the region, with most raising the alarm over the unsustainable and unprecedented rise in household credit.
- See more at: http://sbr.com.sg/economy/in-focus/crisi...1Mfbq.dpuf

http://sbr.com.sg/economy/in-focus/crisi...sehold-deb

Crisis in the making: Economists raise the alarm over Singapore’s skyrocketing household debt
http://sbr.com.sg/economy/in-focus/crisi...sehold-deb

Using the same reasoning, our gov is also deeply in debt - 105% of the GDP.