HSBC: Asian Debt Has Exploded, But No Imminent Stress

With debt saturation in Asia applying to breaks to credit fueled growth, and domestic demand starting to “wobble,” financial market jitters are also placing a damper on growth in the region. But “imminent financial stress” is not in the cards with the caveat “imminent” being the operative hedge word, an HSBC report on “Asia’s debt squeeze” paints the picture that a “lasting” growth problem, punctuated with aging demographics, is likely to cloud the economic picture.

HSBC: Asia debt and slowing China exports a concern but “we will be standing at the end of the day”

Frederic Neumann, HSBC’s co-head of Asian economic research, said that weak...