Alternative scenario : Households use their savings more quickly than anticipated
Kärkkäinen, Samu; Viertola, Hannu (24.06.2021)
Volyymi
95Numero
3/2021Julkaisija
Bank of Finland
2021
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-202106301314Tiivistelmä
The COVID-19 pandemic and resulting lockdown measures have imposed severe constraints on the consumption opportunities of households, and demand has especially collapsed in a number of service industries. Households have accumulated a significant amount of savings since early 2020 due to the shortfall in consumption caused by the pandemic. The release of these savings into private consumption or housing demand over the next few years may result in economic growth proving much stronger than anticipated in the baseline forecast.
Julkaisuhuomautus
The accessible version https://www.bofbulletin.fi/en/2021/3/households-use-their-savings-more-quickly-than-anticipated/