A number of unconventional monetary policies were put forward. Acting boldly in the midst of a massive crisis, central banks have moved forward to prevent the world from a depression that would have far outreaching negative effect.
The high savings are reflected in the increase in private sector deposits by 34 billion euros – i.e. 20% of GDP – from March 2020. The gradual de-escalation of the high savings rate will boost domestic demand and especially private consumption. Second, Greece will receive approximately € 30.5 billion from the Resilience and Recovery Fund.