Valentina Romei in London
Consumers around the world have stockpiled an extra $5.4tn of savings since the coronavirus pandemic began and are becoming increasingly confident about the economic outlook, paving the way for a strong rebound in spending as businesses reopen.
Households around the globe accumulated the excess — defined as the additional savings compared with the 2019 spending pattern and equating to more than 6 per cent of global gross domestic product — by the end of the first quarter...
Moneycontrol Pro Panorama | Fed shows its cards to avert a taper tantrum
Jul 29, 2021 / 04:15 PM IST
In today’s edition of Moneycontrol Pro Panorama: Fed’s taper maths, economy and stress points, Maruti Q1 takes a knock, Elon Musk’s India dreams, nature’s fury, road ahead for Bitcoin investors, and more