Households in the US and Europe built up a sizable amount of excess savings during the pandemic. But this cash cushion is losing its fluff.
In this episode, we speak to Maxime Darmet, Senior Economist at Allianz Trade, and Patricia Pelayo Romero, Economist at Allianz, to find out what dwindling savings and the wealth effect mean for economic growth.
Read the reports:
• "Falling off a savings cliff?": https://t1p.de/lu31f
• "Consumption: What's (wealth) got to do with it?": https://t1p.de/n9hdh
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