Should we be concerned about the rate of record debt of households and businesses in French ?

As for the State's coffers, the cock of the debt is wide open to the private sector. According to the data of the Bank of France released Tuesday, the debt of

Should we be concerned about the rate of record debt of households and businesses in French ?

As for the State's coffers, the cock of the debt is wide open to the private sector. According to the data of the Bank of France released Tuesday, the debt of households and non-financial private corporations has climbed to 133,2% of GDP in the first quarter of 2019, compared to 128,6% a year earlier. Thus, the indebtedness of the private sector flirts today with the 3000 billion euros. In detail, the companies are indebted to 73.3% of GDP, compared to 69.7 per cent two years ago. The households, on their part, are to the tune of 60% of GDP, a figure that is constantly changing for 2015 and, more specifically, to 95.5% of their gross income available (RDB), is what is at their disposal to consume or invest. In our German neighbor, the trend is the same, on a smaller scale. The rate of indebtedness increasing, there is 92.4% of the GDP.

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virtually all loans to households are concluded at fixed rate

This ...

Updated Date: 22 August 2019, 00:00

Kathleen Lees

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