Market comment - Irish household debt falls to 145% of disposable income

Davy Research
/Read Important Disclosures

On September 11th, the Irish Quarterly Financial Accounts showed household debt falling to 145%, down ten percentage points over the past year and the fastest pace of deleveraging across all EU countries. Ireland’s household debt/income ratio is still the fourth highest across EU countries but looks set to fall below the UK in the near future.