Europe should unlock excess saving from COVID-19 response

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<title>Europe should unlock excess saving from COVID-19 response</title>
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<namePart>Boata, Ana</namePart>
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<namePart>Holzhausen, Arne</namePart>
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<namePart>Subran, Ludovic</namePart>
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<dateIssued>2020</dateIssued>
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<abstract displayLabel="Summary">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. </abstract>
<note type="statement of responsibility">Ana Boata, Arne Holzhausen, Ludovic Subran</note>
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<topic>COVID-19</topic>
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<topic>Pandemias</topic>
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<topic>Consumo</topic>
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<topic>Ahorro financiero familiar</topic>
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<topic>Perspectivas económicas</topic>
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<topic>Recesión económica</topic>
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<topic>Interrupción de negocio</topic>
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<topic>Desempleo</topic>
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<geographic>Europa</geographic>
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