Fernando de Querol Cumbrera
Research expert covering construction, loans, leasing, savings, and debt
Get in touch with us nowExcess savings due to COVID-19 in selected countries 2020
During the initial outbreak of the coronavirus (COVID-19) and throughout 2020, many people around the world accumulated a considerable amount of savings. Recent estimates calculated the so-called excess savings to be as high as 1.5 trillion U.S. dollars at the end of 2020. European countries also registered an increase in savings, even though to a much smaller degree. For instance, excess savings in Germany were estimated at 169 billion U.S. dollars.
