EUR: High European saving rates weigh on consumption – NOMURA
Par FXStreet Insights Team
Date de publication: 20 Jan 2026 | Date de modification: 20 Jan 2026
ARTICLES POPULAIRES
Elevated household saving rates across Europe are dampening consumption growth, with potential GDP gains of 1–2% if savings revert to pre-pandemic levels, NOMURA's economists report.
Elevated household saving rates across Europe are dampening consumption growth, with potential GDP gains of 1–2% if savings revert to pre-pandemic levels, NOMURA's economists report.
ECB, BoE forecast growth assuming savings normalize
"Across Europe, saving rates remain elevated, and consumption growth is lackluster. If saving rates normalize to pre-pandemic levels, it would likely add 1-2% to GDP. The ECB and BoE assume that saving rates will fall, adding to GDP growth forecasts for the future, but both highlight risks that savings will remain persistently high."
"We expect saving rates to decline due to lower interest rates, demographics, the ability to draw on recent savings, and policy changes; however, we highlight that structural factors likely make households permanently more predisposed to saving than pre-pandemic."
Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Lire la suite
