Because of the Corona pandemic, consumers worldwide conducted an additional $ 5.4 trillion, and they became more confident about financial expectations, paving the way for a strong recovery in spending with reopening economies.
According to Arab Net, the worldwide gathered the new surplus by the end of the first quarter of this year, according to the estimates made by Moody's credit classification, depending on spending models for 2019, and additional savings are more than 6% of GDP .
This comes, while the Conference Conference Index prepared by Conference Board has reached its highest level since data collection in 2005, by the end of this year, with vital gains in all regions of the world.
In turn, a major economist at Moody's Analysis, Mark Zandi: will be able to combine the unleash and surplus savings to increase consumer spending around the world, as countries approached the immunity of herd and openness, according to Financial Times, and Arabic. .
Top levels of savings
Although the global financial system is struggling in the last year due to the biggest drop in production in fashionable history, domestic sector income has been largely protected through unprecedented stimulus plans in most advanced economies. In addition, consumers cut spending in the face of excessive uncertainties on jobs and income.
As a result, domestic savings in 2020 in many superior economies reached this century, according to OECD data and financial institutions rose quickly in many countries.
Zandi said additional savings was the highest in developed economies, specifically North America and Europe, where closures were widely applied and coincided with excessive stimulus plans.
Moody's estimated that in the United States alone, families have accumulated additional financial savings more than $ 1 trillion.
Spending acceleration
For its part, the economic expert in Barclays expects, Sylvia Ardagna, is somewhat accelerating in the domestic sector spending this year, within the United States and less within Britain, although they warned that slow vaccination may mean that any requested request will not be Edited in the euro area during the next two quadrants.
The economic expert at Goldman Sachs, Yan Hatzius, estimated that about two-thirds of additional financial savings in the United States was held by the richest 40% of the population, might lead to maintain the volume of financial stimulus, where high-income families will retain most ...
