Coronavirus impact on savings 

Households in the world’s largest economies amassed $2.9 trillion in extra savings during pandemic lockdowns – spending power that could help global recovery, according to Bloomberg Economics


Excess savings as share of GDP	Excess savings by country


U.S. 	7.17%	$1,500bn
China 	2.99%	$430.0bn (2.8 trillion yuan)
Japan 	5.91%	$300.0bn (32.6 trillion yen)
Germany 4.51%	$171.7bn (€142bn)
UK 	5.65%	$160.0bn (£117bn)
France 	5.57%	$151.1bn (€125bn)
Spain 	6.24%	$79.8bn (€66bn)
Italy	3.26%	$65.3bn (€54bn)

    
$2,857.9bn
Total excess savings 
    
 
Sources: Bloomberg Economics, S&P Global Ratings 
© GRAPHIC NEWS