An important item in the GDP report released this week, that received little attention, is that the saving rate is still well above the pre-pandemic level. For the second quarter as a whole the saving rate was 10.9 percent. If we just look at the month of June alone, the last month in the quarter, the rate was still 9.4 percent....
Full ArticleThe Saving Rate Is Still High: Evidence On The Post-Pandemic Economy – Analysis
Eurasia Review
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