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

• Limited refinancing options in 2025 amid considerable external debt maturities are expected to see public sector reliance for sourcing foreign currency on domestic markets, which will limit private sector recovery and depress household spending. Asian Development Bank
• As household debt-servicing burdens continue to rise over 2023, arrears and defaults are likely to rise. MoneyWeek
• Instead of the prospect of speed and cheap mobility, consumers now get soaring costs, climate breakdown and air pollution, the devastation of nature, mounting debt, personal danger and ill health, and the most serious energy crisis in 30 years. / UK The Guardian
• Prevailing household debt and housing imbalances will mix with pandemic and geopolitical forces to make Canada's recession deeper than most advanced economies. CBC
• Using the Great Recession as a guide, the projected breaking point is the level of household credit card debt that will become unsustainable for most people. / USA CNBC
• 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
• 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
• 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
• Household debt service ratio has been rising and will continue to increase into the end of 2024. financialpost
• 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

Last updated: 18 November 2025