Skip to main content

Thinner savings rate buffer for spending in Q4

Private consumption remained resilient in the face of the record COVID wave in Q3, suggesting that households have finally learned to live with the virus. We’ve revised up our Q3 spending forecast, but that also means there will be less scope for a strong rebound in consumption in Q4 and we have revised down our Q4 forecast. That said, private consumption will still grow by an impressive 3% in 2022.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access