Vietnam is set to meet its target of 6.7 percent economic growth this year, and expects to see the same rate of expansion next year.
The Bank of England’s Prudential Regulation Authority (PRA) has told lenders to demonstrate they are properly managing risks — including consumer credit.
The Chinese economy grew faster than expected in the second quarter, expanding 6.9 percent.
Three-times Wimbledon champion Boris Becker was declared bankrupt on Wednesday for failing to pay an outstanding debt reaching back to October 2015.
The new car market in the UK has shown phenomenal growth in recent years, but has become increasingly dependent on cheap credit to fuel its expansion.
Motor finance has been one of the star performers of the consumer credit sector in recent years, but the rapid rate of growth has led to fears that lenders may find themselves overexposed in the event of a downturn. The new car market is in the midst of a prolonged boom, with sales having risen
As it stands, there are five debt-free countries in the world — Macau, the British Virgin Islands, Brunei, Liechtenstein and Palau.
These three things are going to have a significant impact on the wider world.