Can consumer spending “save” the economy?

Ben Bradford Aug 20, 2019
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Shoppers carry bags on Fifth Avenue in New York City. David Goldman/Getty Images

Can consumer spending “save” the economy?

Ben Bradford Aug 20, 2019
Shoppers carry bags on Fifth Avenue in New York City. David Goldman/Getty Images
HTML EMBED:
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While some economic indicators — declining business investment, CEO pessimism, the inverted yield curve — are suggesting that an economic slowdown’s imminent, consumer spending has remained high. And consumer spending drives most of the economy. So the question is: Will people keep buying stuff, continuing to prop up the economy? Or will negative business sentiment transfer to consumers? The answer depends on whom you ask.

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