Friday, December 7

Savings fall-off

Just wondering about the fall-off in national savings ...


Nominal net savings as a per cent of nominal GDP is in decline ...


This effect may be masked in the standard statistic from the national accounts ...


Because national disposable income is flat-lining ...


But more likely, it is the product of dis-savings in the non-Household sectors (ie. the NFP, business and government sectors).

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