There are two stimuli our economy can count upon before Christmas. One is the economic recovery plan which will be presented in parallel with Budget 2021. The other is the stock of private savings, now at record highs thanks to the high levels of fear and uncertainty in our economy, and the inability of many households to actually spend their money the way they would like.  The economic recovery plan will be sectorally specific and if the state can credibly borrow at near-zero rates for long enough, should be massive. The savings of households will be directed through the channels…

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