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6 Min Read LONDON (Reuters) - With the second wave of the pandemic came the second lockdowns - and now evidence of the second household savings stash, too. Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo But even as expected spending of trillions of dollars of these “excess” savings stokes economic recovery forecasts, inflation fears and financial markets, some economists suspect large chunks of what look like precautionary buffers may outlive the pandemic itself - or least not find their way to the shops.

United statesUnited kingdomCity ofMarc schattenbergOlivier blanchardDavid ricardoGauti eggertssonShweta singhGiorgio primiceriFlorin bilbiieMike dolanInternational monetary fundDeutsche bankFederal reserveLarry summersAlthough european