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Consumers have $5.4 trillion in excess savings. That could unleash a global spending boom
Consumers around the world have amassed an extra $5.4 trillion in savings since the coronavirus pandemic began, setting the stage for a spending boom that could power a strong uplift in economic growth this year. Households had stockpiled the excess savings, equal to 6% of global GDP, by the end of March, according to Moody’s
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