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This was 'achieved' in the first quarter of this year, even higher than the 198% recorded in first quarter of 2009, after the 2008 financial crisis. Not surprisingly, 80% of the household is made up of mortgages.
The bank was of the view that household debts at this level, it will be difficult for the government to stimulate demand to offset the sluggish exports we are currently experiencing.
The bank was of the view that household debts at this level, it will be difficult for the government to stimulate demand to offset the sluggish exports we are currently experiencing.
