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Published on Monday, August 24, 2020 | Updated on Thursday, August 27, 2020

Spain | Credit: necessary condition but it is not sufficient

Nowadays, unlike in the 2008 global financial crisis, there is no credit crunch which would make the economic recovery more difficult. This time, what's happening to credit?

Key points

  • Key points:
  • Overall, although with some differences among countries, there has been very significant growth in business loans.
  • In contrast, loans to households have seen a fundamentally different evolution, with a contraction mainly in consumer loans
  • The banking sector is playing its part by granting loans to businesses. However, financing the economy is a necessary but not sufficient condition for the economic recovery.

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