Malaysians Are Borrowing Too Much, Beware Of The Global Economy Downturn

KUALA LUMPUR: There is a concern that Malaysians are borrowing too much and not saving enough, according to a report by Khazanah Research Institute.

While household debt growth has been moderating since 2010 (2015: 7.3% year-on-year), the ratio of household debt to gross domestic product remains high, at 89.1% in 2015 against 87.4% in 2014, according to Khazanah Research Institute’s fourth publication of “The State of Households II” released yesterday.

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