How would non repayment of loan affect the economy of the country?

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asked Mar 5, 2022 955 views

1 Answer

Raymond Wu · Answer 1 · 2022-03-11T23:42:33+0000

Answer: The economy would most likely suffer.

Explanation: Non-performing loans (NPLs) are a burden for both lender and borrower; they contract credit supply, distort allocation of credit, worsen market confidence and slow economic growth.

How would non repayment of loan affect the economy of the country?

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How would non repayment of loan affect the economy of the country?