Part I. Savings is hiding the recovery (notice n° 547259)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01755cam a2200193 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121114642.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Heyer, Éric |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Part I. Savings is hiding the recovery |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2020.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 60 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This forecasting work was carried out on the basis of a gradual return to a less constrained health situation (i.e. prophylactic measures close to those of summer 2020) from the second quarter of 2021.Worldwide, value added will not return to its end-2019 level until the end of 2021, after falling by more than 10% in the second quarter of 2020, thus implying the loss of two years of growth due to the health crisis. Based on our forecast made in October 2019, the evaluation of this loss of activity linked to the Covid-19 crisis at the end of 2021 lies between -2 GDP points (Germany and Italy) and -6 GDP points (Spain). For China, the loss amounts to 2.3 GDP points.In the main developed countries, “forced” savings were built up during the health crisis. At mid-2020, we estimate this at nearly 90 billion pounds sterling for British households, or 12 points of their disposable income (gross disposable income – GDI), at more than 60 billion euros in France and Germany (respectively 8.6 and 7.6 points of GDI) and nearly 40 billion euros in Spain and Italy (10 and 6.4 GDI points, respectively). This average savings hides a process of rising poverty. |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Timbeau, Xavier |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Heyer, Éric |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Timbeau, Xavier |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue de l'OFCE | o 168 | 4 | 2020-12-04 | p. 9-102 | 1265-9576 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-de-l-ofce-2020-4-page-9?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-de-l-ofce-2020-4-page-9?lang=en&redirect-ssocas=7080</a> |
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