household debt News

Thailand's Property Market Crisis: Analysts Predict Years of Downturn Amid Oversupply and Economic Woes

Thailand's property market is facing a prolonged downturn due to oversupply, weak demand, and high household debt. Analysts call for structural reforms and targeted measures to rev...

South Korea Climbs to Second Place Globally in Household Debt: A Deep Dive into the Economic Implications

South Korea ranks second globally with a household debt to GDP ratio of 91.7%, highlighting the challenges of high household debt amidst economic policies and the pandemic's impact...

Bank of Korea Considers Additional Rate Cuts to Navigate Housing Market Instability

The Bank of Korea is considering further interest rate cuts to address economic challenges and housing market instability, amidst concerns over rising apartment prices in Seoul and...

India's Household Debt Climbs: A Comparative Look at Emerging Markets

India's household debt has risen over the past three years but remains low compared to other emerging markets. The increase is driven by more borrowers rather than higher individua...

Navigating the New Frontier: Challenges in Digital Loans and Investments

RBI Deputy Governor Michael Patra discusses the challenges posed by the digitalisation of investments and credit, emphasizing the need for vigilance against household debt escalati...

Thailand's Cabinet Approves Measures to Alleviate Household Debt

Thailand's cabinet has approved debt support measures including interest suspensions and reduced principal payments to help tackle household debt, according to Prime Minister Paeto...