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One Response to “CSO: Sectoral Accounts for 2012.”
The statistical discrepancy figure is very large but that caveat aside the data shows that the gross savings ratio of households has been falling from 2009, declining from over 16% to 10.2% last year. The IMF, among others, are assuming that an upturn in consumption will in part be financed by a run down in savings but it appears that is already happening, even though consumption is still falling.