Consumer incomes will stabilise in 2012 after two years of significant declines, IBEC has said.
A combination of recent interest rate cuts and a further possible reduction in rates over coming months should leave working households with mortgages around €700 better off annually, the Irish Business and Employers Confederation (IBEC) said.
But other households will not fare so well and will see their spending power decline by between 0.8 per cent and 3.7 per cent, IBEC said.
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