The household savings rate lay below 6% of gross disposable income in 2017, a figure similar to 2007 just before the real estate bubble burst, and well below the peak reached in 2009 of 13.4%. What factors explain the sharp decline that has occurred in the last few years? CaixaBank Research focuses on this issue.
MADRID | By Sean Duffy | Spain is on the path to recovery, and that recovery is to be directly felt by citizens in the form of tax cuts fuelled by the country’s improving economic situation. That was the message delivered by Spanish Treasury Secretary, Miguel Ferre Navarrete, in a speech delivered at Spain Investors Day.
MADRID | The Corner | In Spain, the fall in oil prices will be crucial for households throughout 2015. Market watchers at Afi say that the drop in the oil price will have a positive impact of 0.5% on the real income of households next year.