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Spanish Consumer Credit Contracts Amidst Geopolitical Uncertainty
Spain saw a 2% decrease in consumer credit in 2024 (€28.511 billion total) due to geopolitical uncertainty and rising interest rates, though lending for certain sectors like vacations and home improvements increased; mortgage foreclosures are also on the rise.
Spanish Consumer Credit Contracts Amidst Geopolitical Uncertainty
Spain saw a 2% decrease in consumer credit in 2024 (€28.511 billion total) due to geopolitical uncertainty and rising interest rates, though lending for certain sectors like vacations and home improvements increased; mortgage foreclosures are also on the rise.
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