Comment & Analysis
“Excess” savings and the outlook for consumption
Consumption’s Covid collapse The start of the Covid pandemic in early 2020 had an enormous impact on household behaviour, with consumption spending collapsed. In the US, various government support programs boosted personal disposable income, leading to a surge in the personal saving rate to over 30% in April last year. …
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: EFG International