Pandemic Preparedness and Response

Europe’s consumers are sitting on 1 trillion euros in pandemic savings

Man holding jar filled with coins, with 'savings' label on it.

During the pandemic, people in Europe saved around 8 percent of total euro-area gross domestic product. Image: UNSPLASH/ Towfiqu barbhuiya

Thomas McGregor
Economist, European Department of the IMF
Nujin Suphaphiphat
Economist, European Department of the IMF
Frederik Toscani
Economist, European Department of the IMF
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Pandemic Preparedness and Response

A chart showing household savings made in the pandemic.
Because these savings were forced, when restrictions are lifted they should be spent, but may not be. Image: IMF

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Pandemic Preparedness and ResponseEconomic ProgressFinancial and Monetary Systems
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