Euler Hermes research: Europe should unlock excess savings from COVID-19 response

An Euler Hermes research estimates that in Europe, household saving rates 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, savings in the EU28 jumped by EUR100bn, with a total of EUR1.1tn of total savings (annualized) seen at the trough of the crisis. Covid-19 lockdowns has made consumption in many areas – ...

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