Vaccines and an EU consumer recovery?
26th April, 2021 10:57 am During lockdown people shopped online. Not all needs could be met online. So pent up saving grew to 4-8% of GDP most places. Now it is expected some of the pent-up savings will be spent as Pandemic declines in rich countries. It may be more in the EU than expected. Because it is harder to shop online in the EU. So pent up demand may be greater.
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