out in April and should quickly make up some of the losses with the easing of the lockdown beginning in May, full recovery … because the savings ratio, which rose sharply during the lockdown, is likely to decline again with the easing measures. As a …

wettgemacht. Diese hohe Dynamik spiegelt im Wesentlichen die Normalisierung des Wirtschaftsgeschehens nach dem Lockdown wider. Die … momentum essentially reflects the normalization of economic activity after the lockdown. Further recovery is likely to be much …, which had swollen to record levels during the lockdown, and as labor incomes will be stimulated by the recovery at the labor …

momentum essentially reflects the normalization of economic activity after the lockdown. Further recovery is likely to be much …, which had swollen to record levels during the lockdown, and as labor incomes will be stimulated by the recovery at the labor …