Europe should unlock excess saving from COVID-19 response
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<subfield code="a">We estimate that in Europe, household saving rotes could increase by as much as +20pp to 36% on average in Q2 2020. This means EUR1.3tn of additional savings, or 10% of GDP. Total savings could peak at EUR2.3tn. In 2009, sovings in the EU28 jumped by EUR100bn, wíth o total of EUR1.ltn of total savings (annualized) seen ot the trough of the crisis. </subfield>
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