Consumers still appear confident enough to borrow in order to sustain spending growth in the face of higher inflation. But how worried should we be that higher household borrowing and debt will ultimately prompt a steep drop in spending or riskier lending leads to an abrupt fall in credit supply?
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services