Credit demand grows at a slower pace in May
30 June 2022 - 10:45
UPDATED 30 June 2022 - 19:12
Rising inflation and interest rates and weak employment growth will slow private sector credit extension in the medium term as household disposable income becomes eroded.
Economists warn that companies will also remain wary of accelerating capital expenditure aggressively due to electricity shortages, slow progress on structural reforms and ample spare capacity in some industries. ..
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