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The key trend for 2011 was the historically low interest rates that had far-reaching effects on the consumer credit landscape in Switzerland. The prolonged period of interest rates of under 0.5% stimulated the consumer credit market across the different categories including personal loans, mortgages, ...
Industries: Credit and Loan
Due to significant growth in consumer lending and following the decrease seen in interest rates for consumer credit in response to the economic crisis, the Central Bank announced an increase in interest rates in June 2011. However, despite this development, experts believe that Turkish consumers will ...
Industries: Credit and Loan
The recovery of wages and the rise of formal employment were the key factors for boosting consumption in Argentina in 2011 and with inflation around 20% consumers are keen to buy durable goods, before their money burns a hole in their pockets. Argentine families are encouraged to spend their income in ...
Consumers in Colombia have been benefiting from the country’s recent political and economic stability. Since the economic downturn, there has been steady growth in levels of disposable income and, in turn, in consumer spending and demand for a wide range of consumer products has been growing. For the ...
While geographically remote, Finnish consumers are not far enough away to be immune from the volatile shifts in the global economic landscape. Consumer confidence is down as Finns watch and wait to see how the crisis in the euro zone might eventually affect them. Regardless, many Finnish consumers are ...
After several years of post-Olympic games extravagance, the 2008 economic downturn led to more cautious spending among Greek consumers, and the current debt crisis has prompted many consumers to reduce their spending further. Overall, the Greeks remained the least confident consumers in the EU. Greece’s ...
Many Indian consumers are benefiting from their country’s rapid economic growth. Rising disposable incomes continue to drive increased spending and to generate consumer demand for a wide range of new goods and services. However, a great number of Indians, particularly those who live in rural areas, ...
Due to the economic conditions in the country, Irish consumers face myriad challenges in coming years. Rampant unemployment, a housing collapse and declining disposable incomes have changed many of the consumer habits and attitudes common during the so-called Celtic Tiger years. Despite this, there seems ...
Led by a group of educated and more affluent urban professionals, Malaysia’s consumer habits are changing. In many cases Malaysians, particularly young Malaysians, are adopting a more Western form of overt consumerism. This shift was reflected during the review period in a number of sectors, ranging ...
Large numbers of Peruvian consumers are enjoying the benefits of increased disposable income. Although growth in income and spending has been largely confined to the non-indigenous population, consumers in the low-income brackets are also slowly gaining access to such amenities basic health care. While ...
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