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Europeans are hoarding their cash. What does this mean for growth in the EU?

Name: Europeans are hoarding their cash. What does this mean for growth in the EU?
Uploaded: 2024-10-21T13:11:24Z
Duration: 2 min 10 s
Description: Households in Europe are saving at their highest rate in years. From April to June last year, EU households were saving 15.7% of their income, 0.5% more than in the previous quarter. Before the pandemic, the EU savings rate hovered at around 12%

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