MAS review shows household debt rising, but savings piling up faster; cautions that risks remain-
Singapore households have been given a clean bill of health as far as their debt is concerned. Despite warnings of an increasing exposure to mortgages, net wealth has grown robustly over the past decade and stands at about four times GDP, according to the Monetary Authority of Singapore Financial Stability Review 2013
Singapore households have been given a clean bill of health as far as their debt is concerned. Despite warnings of an increasing exposure to mortgages, net wealth has grown robustly over the past decade and stands at about four times GDP, according to the Monetary Authority of Singapore Financial Stability Review 2013.
Tagged in:
Cash and Deposits
Central Provident Fund CPF
Economic fundamentals and Monetary Policy
Financial Stability Review 2013
GDP per capital
Gross Domestic Product GDP
Household debt-to-income ratio
Household liabilities
Household Net Wealth
Liquidable financial assets
Monetary Authority of Singapore MAS
Singapore Economic Growth
Singapore Financial Stability Review
Singapore Household Debts
Singapore Property market