Friday February 28, 2020

Households still saddled with debt as IMF warns small firms vulnerable

Irish families fourth most indebted in Europe as government wealth slips by €3 billion

10th November, 2016

Debt reduction by Irish households has slowed to its lowest rate since 2008 when households first began to deleverage.

During q2 of this year indebtedness remained largely unchanged falling by less than €0.2 billion, according to new data from the Central Bank.

Meanwhile, an IMF-commissioned research paper has warned of "vulnerabilities" still facing debt-ridden Irish firms - eight years after the financial crash.

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