Tag Archive: Spanish household consumption

Spaniards back in the mood to borrow

Before the financial crisis, the real estate bubble and the parallel growth in borrowing meant that the indebtedness of Spanish households spiralled ever higher, reaching a peak of 84.7% of GDP in Q2 2010. Since then, Spanish’s households have tightened their belt, with indebtedness falling to 61.3% of GDP in Q4 2017.

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