September 2010. We are now over a year into a slow but clear US economic recovery. In this paper, we look at how weak consumption has contributed to a below par recovery and ask whether the US consumer will be able to take up the slack as the contribution from more cyclical factors begins to fade.
September 2010. We are now over a year into a slow but clear US economic recovery. In this paper, we look at how weak consumption has contributed to a below par recovery and ask whether the US consumer will be able to take up the slack as the contribution from more cyclical factors begins to fade.