01718cas a2200241 a 4500 AALejournalIMF013815 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484371312 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Spain : Selected Issues. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (31 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper analyzes household savings ratio in Spain. The household savings ratio has fallen to its lowest historical rate in 2012, as households cut back savings to support consumption in response to negative income shocks. Household savings fell across all households, but the declines were likely more material among lower income and highly indebted groups. Declining household income and savings slowed deleveraging and put household balance sheets under pressure. Looking ahead, households may need to restrain consumption further to free resources for repaying debt. Household savings rates will likely stay below historical levels for some time then slowly increase. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/245 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/245/002.2013.issue-245-en.xml IMF e-Library