RSS SubscribeIs America’s economy heading for a consumer crunch?
From The Economist
Nothing has been able to stop American consumers. At first they splashed covid-19 savings on home-exercise bicycles; now they are more likely to plump for beachside holidays. Predictions, made by bank bosses last summer, that households would be squeezed by inflation have been confounded. Instead, their outlays have powered American gdp ever higher, at a pace beyond the country’s g7 peers.
But are the predictions at last coming true?
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