Rising household debt expected to deal severe blow to Korean economy:BOK
Автор: Arirang News
Загружено: 2017-01-15
Просмотров: 86
Описание:
한국은행"가계부채 급증, 경제성장 악영향 우려"
Korea's central bank, in a recent report, expressed growing concerns over the nation's household debt level.
After hitting a record high of 1-point-2-9 quadrillion won, or around 1-point-1 trillion dollars, it seems on course to surpass the 1-point-4 quadrillion won mark.
The local economy could be dealt a severe blow, especially when Korea's household debt to GDP ratio stands at 90 percent since the mid-point of last year.
Consumer sentiment plunged to the lowest level in 7 years in December.
Aside from further political turmoil resulting from the Presidential scandal and threats to global trade, rising household debt could fuel the downward trend.
Though it's highly probable the BOK will cut its policy rate again this year... the central bank will proceed with extra caution as further rate cuts would encourage then nation’s debt-laden households to increase their borrowing even further.
Visit ‘Arirang News’ Official Pages
Facebook(NEWS): / newsarirang
Homepage: http://www.arirang.com
Facebook: / arirangtv
Twitter: / arirangworld
Instagram: / arirangworld
Повторяем попытку...
Доступные форматы для скачивания:
Скачать видео
-
Информация по загрузке: