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Consumers around the world have stockpiled an extra US$5.4 trillion 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 of this year, according to estimates by credit rating agency Moody’s.
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I am close to quitting my career : Mothers step back at work to cope with pandemic parenting
8 Mar, 2021 07:38 PM
7 minutes to read
The knock-on effects of school closures during the pandemic are disproportionately hurting working women. Photo / 123RF
The knock-on effects of school closures during the pandemic are disproportionately hurting working women. Photo / 123RF
Financial Times
Knock-on effects of school closures are disproportionately hurting working women. Maya was on maternity leave when the pandemic struck, but within months of returning to work in July, the London-based IT consultant and mother of two young children was at the end of her tether.
Home Will a key measure of Italy’s political risk continue to fall?
Will a key measure of Italy’s political risk continue to fall?
Market Questions is the FT’s guide to the week ahead
World Economy News
7 Feb 2021 • 3 min read
The prospect of Mario Draghi, former president of the European Central Bank, taking the helm of Italy’s government has sent a key measure of political risk on the continent to its lowest point in five years.
The additional yield demanded on 10-year Italian debt over its ultra-safe German counterpart fell below 1 percentage point last week. It is down from more than 3 percentage points in late 2018, when a populist government in Rome was clashing with Brussels over budget rules.
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