Spain: Selected Issues

August 2, 2013

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Format: Chicago

Spain: Selected Issues, (USA: International Monetary Fund, 2013) accessed November 12, 2024

Summary

This Selected Issues paper analyzes household savings ratio in Spain. The household savings ratio has fallen to its lowest historical rate in 2012, as households cut back savings to support consumption in response to negative income shocks. Household savings fell across all households, but the declines were likely more material among lower income and highly indebted groups. Declining household income and savings slowed deleveraging and put household balance sheets under pressure. Looking ahead, households may need to restrain consumption further to free resources for repaying debt. Household savings rates will likely stay below historical levels for some time then slowly increase.

Subject: Disposable income, Expenditure, Financial sector policy and analysis, Fiscal law, Fiscal policy, National accounts, Pension spending, Personal income, Solvency

Keywords: Africa, AIReF, AIReF president, AIReF staffing, CR, Disposable income, Europe, Financial market spillover, Fiscal law, Global, Household saving, Insolvency, Insolvency regime, ISCR, North America, Pension spending, Personal income, Saving, Solvency, Spain

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/245
Stock No:

1ESPEA2013004
ISBN:

9781484371312
ISSN:

1934-7685

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