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Borrowing money by young Singaporeans soars during pandemic

SINGAPORE - Personal debt among young adults here has been rising during the Covid-19 pandemic, and the situation could worsen once interest rates start to rise. Credit Bureau Singapore data showed that while credit card borrowing showed no significant variation, people in their 20s have been taking on increasing amounts of other debt since the second quarter of last year..

Personal debt soars among young Singapore adults during pandemic

Third Quarter 2021 Survey of Professional Forecasters Predict Lower Current-Quarter Growth, Followed by Stronger Growth over Subsequent Quarters

from the Philadelphia FedThe U.S. economy for the current quarter looks weaker now than it did three months ago, according to 36 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The panel predicts real GDP will grow at an annual rate of 6.8 percent this quarter, down 0.7 percentage point from the prediction in the last survey.

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