Eurozone savings rate falls to 15.8% in Q3 2009 compared with 4.7% in US and 2.0% in Japan
Jan 28th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
In the third quarter of 2009, in both the Eurozone (EA16) and the EU27, the seasonally adjusted household saving rate decreased and the household investment rate was almost unchanged. The Eurozone savings rate was 15.8% compared with 4.7% in the US in November 2009 up from below zero in 2005 and a Japanese savings rate of about 2%, impacted by an ageing population and over a third of the workforce on temporary contracts, down from over 10% a decade ago.