The Inc. household takes off by getting into debt
In the new Europe, the level of household debt relative to GDP is still low compared to that of the euro zone. However, there is a very strong growth trend. There are many concerns, even if economists consider households’ higher propensity to get into debt a normal phase of the transition process. In fact, when income is insufficient, debt helps to keep interest rates low.
In the new Europe, the level of household debt relative to GDP is still low compared to that of the euro zone. However, there is a very strong growth trend. There are many concerns, even if economists consider households’ higher propensity to get into debt a normal phase of the transition process. In fact, when income is insufficient, debt helps to keep interest rates low.
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