Our Scans · (FS.6.02) Personal Debt & Liabilities · Weekly Summary

• [New] From housing affordability challenges in major cities like Toronto and Vancouver to rising household debt, financial well-being will be a defining issue for Canadian workers in 2025. Great place to work
• [New] Elevated inflation, high interest rates, rising household debt, and depleted pandemic savings are all expected to continue weighing on the US economy in 2024. investing.com
• [New] High household debt in China, Malaysia, and Thailand could negatively impact consumption growth, as more income is used to service debts, leading to cuts in spending. Thailand Business News
• [New] Household debt service ratio has been rising and will continue to increase into the end of 2024. financialpost
• [New] Canadian financial regulators are now watching for signs of contagion that could compound the risk of a financial crisis from Canada's deepening housing downturn and high household debt. Oxford Economics
• High household debt and elevated residential and commercial property prices remain the key vulnerabilities in the Norwegian financial system. Finanstilsynet
• The IMF sees the Canadian economy expanding by around 1.5% (inflation-adjusted GDP) per year over 2023-24, as higher interest rates, record levels of household debt, and subdued global economic growth take a toll on consumer spending, business profits and exports. The Fraser Institute
• Regarding financial stability, housing prices in the Seoul area and household debt growth are anticipated to gradually slow due to the effects of tightened macroprudential policies.
• The Bank of Thailand (BOT) Governor highlights that Thailand's economy is facing deep-rooted structural issues, likening them to a chronic disease with declining growth potential, high inequality, and rising household debt. null
• Actually, Thailand has a significant and indeed a threatening problem with household or private sector debt. Thai Examiner
• Debt interest payments will climb to 5.7% of household income in 2024, more than double the 2022 level. Retail Think Tank
• Thailand's economy posts tentative recovery with a 2.3% growth target, fueled by export surge, but faltering tourism, rising bad loans, high household debt and structural issues pose serious risks to sustained growth and financial stability. Thai Examiner
• Household debt of all types is forecast to rise from £2,259 billion in 2023 to £2,429 billion in 2025. The Money Charity
• Economists have flagged India and Thailand as two possible outliers that could keep rates higher for longer, over concerns about sticky inflation and household debt respectively. The Business Times
• We are deeply optimistic about the long-term macroeconomic prospects of Indonesia and the enduring potential of its financial services industry, given that Indonesia has the lowest household debt to GDP ratio amongst ASEAN countries. DigitalNow Asia
• In the long term, the recovery of Thailand's tourism sector will depend on its ability to rebuild trust with international visitors, restore damaged infrastructure, and address economic challenges such as rising household debt. Travel And Tour World
• High household debt and elevated residential and commercial property prices are still the key vulnerabilities in the Norwegian financial system. Finanstilsynet
• Household debt is at the highest it's been since 2009, and living standards are expected to fall by around 7% by the start of 2024. London Legal Support Trust - LLST
• High household debt in China, Malaysia, and Thailand could negatively impact consumption. Thailand Business News
• Compared to G7 countries, Czechs carry less debt relative to income - which is a positive from a credit risk perspective (household debt is well below EU averages as a share of GDP). KILDE
• Navigating challenges such as household debt, external economic pressures, and global competition will require careful policy measures and disciplined financial behaviour. 99Notes Best IAS Coaching Delhi

Last updated: 21 October 2025