GDP growth masks a large fall off of 5.4% in domestic demand, re ecting the devastating impact of the pandemic on underlying domestic activity, and consumption in particular, which was down by 9% in 2020 [Slide 2].
Looking beyond the aggregate numbers, we saw last year how, while almost half of workers had their incomes directly supported by the State at one point, thousands of rms were shuttered for most of the year, and yet household savings increased by the largest amount ever.