Czech household debt burden passes the trillion crown mark

Czech household debt rose in May to pass the trillion crown mark. The debt burden climbed by 6.2 billion crowns compared with April to reach 1.004 trillion crowns. Over the last year the figure has risen by just over 81 billion crowns. The total household debt burden represents around 57 percent of their income, a debt ratio which according to economists is still well below the levels of most West European countries. Company debt meanwhile shrank by around 78 billion crowns in May to 898 billion crowns.

Author: Chris Johnstone