Skip to content

Europe’s Savings-Fueled Consumers Are Facing Down Inflation

  • Pent-up demand after pandemic offsets shock from Ukraine war
  • Strong labor market, excess cash are supporting consumption

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Powered by savings amassed during two years of coronavirus curbs, Europe’s consumers aren’t yet letting record inflation get in the way of a spending binge that’s underpinning the continent’s pandemic recovery.