<p>Consumer demand collapsed around the middle of March due to COVID-19 shutdowns. By late March, however, the savings rate jumped to 13.1 percent—nearly $1 trillion annualized. Will this build-up in savings unlock pent-up spending and help accelerate the economic recovery?  </p>

Consumer demand collapsed around the middle of March due to COVID-19 shutdowns. By late March, however, the savings rate jumped to 13.1 percent—nearly $1 trillion annualized. Will this build-up in savings unlock pent-up spending and help accelerate the economic recovery?

<p>Consumer demand collapsed around the middle of March due to COVID-19 shutdowns. By late March, however, the savings rate jumped to 13.1 percent—nearly $1 trillion annualized. Will this build-up in savings unlock pent-up spending and help accelerate the economic recovery? &nbsp;</p>

How Savings May Help Boost the Recovery

A weekly podcast dissecting the latest trends in the economy that businesses should know about, from trade dynamics to labor market fluctuations. All from JPMorgan Chase Commercial Banking’s Head Economist, Jim Glassman.

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How Savings May Help Boost the Recovery

How Savings May Help Boost the Recovery