Household debt flashing red

 This is important because in the past high levels of household debt relative to income/GDP have subsequently led to recessions, as happened in the US before the GFC (global financial crisis)

From a tweet by Phil Oliver

“Our risk map identifies ten countries where the danger from household debt is flashing red and the threat of this leading to financial crisis”

“The countries where we found the greatest specific concern meanwhile were Australia, Canada….” 

See his source.