drbubb Posted April 24, 2017 Author Report Share Posted April 24, 2017 "massive built up of private debt" ? Philippines Public debt, owed externally, is falling - as a Percentage of GDP. I think that private debt in the PH banking system is growing at about 15-20% per annum, which is almost double the nominal growth of 8-10%. If i find a chart of private debt, i will post it here ======================= Household debt - US and several Asian countries (but not PH) Malaysia might have a problem (2013 data) -especially since oil prices have dropped by 2/3rds in USD terms Old data (2013); and it shows PH Household Debt down at 6%, up from 5% in 2010 A minority of Filipinos even have bank accounts, and so it is not easy for most citizens to borrow at all. Perhaps increasing sophistication explains who bank lending is climbing so fast. Philippines Household Debt | Economic Indicators - CEICIn the latest reports, Philippines's Household Debt accounted for 8.8 % of the country's Nominal GDP in Dec 2016. Money Supply M2 in Philippines increased ... == > https://www.ceicdata.com/en/indicator/philippines/household-debt Link to comment Share on other sites More sharing options...
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