About This Source - FRANCE 24 English
The video item below is a piece of English language content from France 24. France 24 is a French state-owned international news television network based in Paris.
Recent from FRANCE 24 English:
FRANCE 24 English published this video item, entitled “The pandemic piggy bank: How our savings can help the economy bounce back” – below is their description.
Households have saved an extra $5.4 trillion over the past year, according to a report by Moody’s Analytics. Spending on items like travel and restaurants plummeted during the Covid-19 pandemic, while many people’s incomes were maintained by government aid. As some economies begin to lift restrictions, will consumers spend their savings and what sort of effect could it have on the global economy? How should governments react to the spending splurge? We discuss the potential benefits and pitfalls with Gilles Moëc, chief economist at Axa Group.FRANCE 24 English YouTube Channel
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In This Story: France
France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.