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Tag: Buyshares

  • US personal saving rate rockets 4x. Commercial banks deposits up by 15%

    US personal saving rate rockets 4x. Commercial banks deposits up by 15%

    Data gathered by Buyshares.co.uk indicates that the United States’ personal saving rate grew by at least four times between January and April 2020.

    According to the data, the rate stood at 33% as of April this year.

    In January, the rate was 7.9% before slightly rising to 8.2%. By March, it hit 13.1% before the April high.

    Before the 2020 spike, the highest rate was in December 2018 at 8.8% while the lowest rate was in December 2015 at 5.8%. Between June 2015 and December 2019, the rate remained fairly constant averaging at 7.2%.

    Commercial banks deposits up by 15%

    Buyshares.co.uk’s research also reviewed the United States commercial banks’ deposits.

    Between January and May this year, the rate grew by 15.22%. In January, the figure stood at $13.3 trillion while in May it was $15.32 trillion.

    In March, the deposit increased to $13.85 trillion a percentage increase of 3.5%. By April, the growing amount in deposits kept growing to stand at $14.72 trillion.

    From July 2015, the deposit has been undergoing an upward trajectory to grow by 42.58% by May this year.

    During the period under review, the lowest deposits held by US commercial banks were recorded in December 2015 at $10.92 trillion.

    The Buyshares.co.uk research report notes that most Americans who lost their jobs as a result of the pandemic were depositing checks from Federal unemployment benefits hence the spike.

  • G20 fiscal packages to fight the coronavirus crisis exceeds $4,68 trillion

    G20 fiscal packages to fight the coronavirus crisis exceeds $4,68 trillion

    Data gathered by Buyshares.co.uk indicates that the cumulative fiscal package to the Coronavirus pandemic by G20 member countries is $ 4.68 trillion.

    The fiscal package is not final because the COVID-19 pandemic is yet to be contained fully.

    Japan has the highest fiscal package

    Japan has the highest fiscal response to the pandemic at $996.45 billion which is 19.5% of the country’s $5.110 trillion GDP. The United States package stands at $562.1 billion, representing 11% of the $21.2 trillion GDP. Australia with a GDP of $1.45 trillion has a fiscal response of $495.67 billion.

    Canada’s fiscal response is $429.24 billion, representing 8.4% of the country’s $2.8 trillion GDP. Brazil is fifth with a fiscal response package of $332.15 billion or 6.5% of the country’s GDP of $2.02 trillion.

    Other G20 countries with notable responses to the current pandemic include Poland ($316.82 billion), Germany ($250.39 billion), France ($204.4 billion), China ($194.18 billion), and Saudi Arabia ($163.52 billion) and the United Kingdom ($153.3 billion). South Africa has the least fiscal response of $5.11 billion which is only 0.1% of the $350 billion GDP.

    Buyshares.co.uk’s research also overviewed the size of fiscal packages announced by G20 countries in response to the financial and COVID-19 crisis in 2009 and 2020. Japan’s fiscal response to the financial crisis was 2.2% of the GDP compared to the Coronavirus crisis which is 19.5% of the GDP.

    The United States’ fiscal package to the financial crisis and COVID-19 was 11% and 5.9% of the GDP respectively. Australia’s response to the current pandemic is 9.7%  of the GDP while for the financial crisis the rate stood at 1.8%.

    Elsewhere, Canada’s response to the pandemic represented 8.4% of the GDP while in 2009, such a fiscal response was 2.8% of the GDP. For Brazil, the fiscal package released to mitigate the financial crisis in 2009 represented 0.5% of the GDP compared while theCovid -19 management package represents 6.5% of the GDP.