Global Macro Service > Research Briefings > Global

Thrifty firms and thriftless households are risks to growth

Structural changes in savings behaviour by households and especially firms in advanced economies in recent years pose threats to global growth. Household savings may have been compressed by high wealth levels, pointing to the risk of a sharp rise in saving and fall in spending if asset prices correct. One positive compared to a decade ago, however, is that US personal saving is less depressed than then.

To read the full briefing please
If you are not a subscriber, request a free trial of our Global Macro Service by filling out the form below