Falling consumer confidence and stock sell-offs have sparked concern about a growth slowdown in the US, which given its economic size could drag down the rest of the world too. However, a US downturn is not inevitable, especially given the healthy labour market.
Source link
Tags consumer confidence consumption coronavirus Covid-19 Federal Reserve Housing inflation monetary policy Recession recovery savings unemployment United States
Check Also
‘Enjoy the hard-earned happiness’: Chinese couple’s love dance delights many
Mainland China’s social media has been enthralled by a video of a pair of newlyweds …