期刊名称:Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN:1830-3420
电子版ISSN:1830-3439
出版年度:2021
卷号:2021
语种:English
出版社:European Central Bank
摘要:This box analyses the increase in euro area household savings since the start of the coronavirus (COVID-19) crisis. It provides an update of an earlier analysis of the drivers of the recent surge in savings and what they imply for the adjustment of savings and the recovery in private consumption as the pandemic is brought under control. [1] Since the pandemic has mainly affected euro area economic activity through restrictions imposed on several types of consumption, the nature of the recovery in this demand component will largely determine how fast overall economic activity recovers.