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Slovenia: Household Income Shrinks

Published: August 2, 2013; 20:37 · (Vindobona)

For the first time since its independence, Slovenia´s households record a decrease in disposable income.

Slovenia: Household Income Shrinks / Picture: © European Commission

Household disposable income declined for the first time last year, by 1.7%, as a result of rising unemployment and a decline in the wage bill and other earnings. Household financial assets declined by 0.7%, but household financial liabilities declined even more, by 3%. Given their declining income and increasing uncertainty, households reduced their liabilities to all sectors. Consumer loans declined by 8.8% last year, while the stock of housing loans has been stagnating since the second half of last year.

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