S’pore’s private debt highest at 250% of GDP?

November 13, 2015

The world’s debt crisis

I refer to the article “Pulled back in – The world is entering a third stage of a rolling debt crisis, this time centred on emerging markets” (The Economist, Nov 13).

S’pore’s private debt highest at 250% of GDP?

The chart shows that Singapore has the highest “emerging market private debt as % of GDP”, at about 250% of GDP, amongst the 14 countries shown in the chart.

S’pore’s debt growth highest?

Singapore also had the highest “debt” growth from 2007 to 2014.

A growing debt problem and its consequences?

According to the article “The never-ending story – First America, then Europe. Now the debt crisis has reached emerging markets” (The Economist, Nov 13) – “The first group includes those for which the credit boom will be followed by a prolonged hangover, not a heart attack. The likes of South Korea and Singapore belong in this category”.

What do you think?

Leong Sze Hian

About the Author

Leong

Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional qualifications.