Malaysia’s Household Debt Has Declined To 84.6% As Of September 2017
45 views · Published 28 December 2017 · 1:07 · Indexed 6 November 2026
Channel: 7Edition · 2017 · News & Politics
Malaysia’s Household debt has declined to 84.6% as of September 2017 from 88.4% overall last year. This decline is also reflective of the economic up-turn this year. Communications and Multimedia Minister, Datuk Seri Salleh Said Seruak said, the economic upturn was also seen as Malaysia having a healthy labour market with the minimum wage set to increase in 2018. This, alongside the low unemployment rate of 3.4% of october 2017. By the end of September 2017, the GDP grew at 5.9% had outpaced the growth of debt at 4.9%. He added, this essentially means Malaysian will have more disposable income to pay off their loans.
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