Wednesday, November 22, 2017
The IMF’s latest report on Philippines says that “However, credit growth has accelerated from 13.6 percent in 2015 to 19.7 percent in July 2017, led by consumer credit and real estate loans. Although most indicators show no evidence of a credit boom so far, property prices have stabilized, and lending standards have not deteriorated, some indicators suggest that, under current trends, credit gaps could approach early warning levels of credit booms in 2017−18 (…)”.
Posted by at 3:04 PM
Labels: Global Housing Watch
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