The share of households intending to spend less on essential goods (for example, food) in shops and non-essential goods (such as hotels and eating out) is not only higher among households that have had a 1/7  BIS central bankers' speeches  drop in income since the start of the pandemic, but also tends to increase as the number of infections grows in the region of residence.
K C Chakrabarty: Developing the humanware to improve customer service Address by Dr K C Chakrabarty, Deputy Governor of the Reserve Bank of India, at the launch of the course “Customer Service & Banking Codes and Standards”, at the Indian Institute of Banking & Finance (IIBF), Mumbai, 12 November 2010.