The last few months have been great for the economy. New cases have fallen, and economic activity is racing back to pre-pandemic levels. After a c.24%...
Question
The last few months have been great for the economy. New cases have fallen, and economic activity is racing back to pre-pandemic levels. After a c.24% contraction in the quarter ending June 2020, we expect GDP to grow by a positive 1.8% in the quarter ending December 2020. This is quite a sharp turnaround in a short period. A careful look suggests that a key driver of the rebound has been pent-up goods demand. As the lockdown ended, the production of consumer non-durables shot up, followed _(I). A large mountain of household financial savings funded this rebound.
Choose the option that can best complete the sentence (I).