Reported about 22 hours ago
The European Central Bank indicates that households in the euro zone are likely to maintain a high savings rate to recover wealth lost to inflation, impacting consumer spending and economic growth. While savings have increased to 15.7% of disposable income, higher than pre-pandemic levels, this has contributed to subdued consumption. However, the ECB believes that a gradual reduction in the saving rate, coupled with rising real incomes, could eventually support a rebound in household spending.
Source: YAHOO