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Is household deleveraging bad for growth?, Eagle Eye

Is household deleveraging bad for growth?

The British public, in aggregate, paid down existing mortgages over the month, rather than taking on new home borrowing.
Does this matter for the wider economy? Interesting the OBR suggested in March that it does not.

By | Eagle Eye, Econoblog | Wednesday, 27 June 2012 at 12:39 pm

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