New Market Research Report: Consumer Lending in Portugal
The eurozone crises and the instability in the global financial system continued to make Portuguese consumers sceptical in 2013. Increased unemployment, especially amongst younger people, discouraged Portuguese consumers from spending money and taking out new loans. Economic fluctuations had a considerable influence on consumer behaviour, causing them to reduce their debts and increase their savings. In addition, lending conditions remained tight for many products at the end of the review...
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