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PETALING JAYA: Household debt is anticipated to rise next year but economists say this is not a concern as the right indicator should be the household debt-to-gross domestic product (GDP) ratio which provides an accurate reflection of household indebtedness.

RAM Rating Services Bhd senior economist Woon Khai Jhek told StarBiz the continued increase in debt is expected, as household debt would naturally rise in tandem with economic and population growth.

Carmelo Ferlito, Centre for Market Education CEO and a faculty member at Indonesia’s Universitas Prasetiya Mulya said the household debt-to-GDP ratio is just an indicator.“So, if GDP grows faster than debt, then the ratio will ease.“But this does not mean that people are less in debt.

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Article Details

Author / Journalist: DALJIT DHESI

Category: EconomyBusiness

Markets: MalaysiaHong KongIndonesiaPhilippinesSingaporeThailand

Topics: Housing Economy Household Mortgage /Business/Business News GDP Debt Loans Labour Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 00:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1310 words

Reading Time: 8 minutes read

Sentences: 42 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23386282

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 49 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 37 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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