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The Economist Reviews Pandemic Goods Boom 2020-22 [Eurodollar University, Ep. 261]

Eurodollar University

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What Happened During the Pandemic?

During the worst of the pandemic, consumers in the rich world spurged on appliances, carvs and furniture. Yet the binge was most notable in america, where it was fueled by three rounds of stimi checks. By the spring of 20 21, goods accounted for forty two % of household spending in America,. up 36% before the pandemic. Services accounted for 58%, down from 64%. A drop worth more than 900 billion dollars a year. This switch could should ease pressure on global supply chains and lower inflation.

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