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What explains the sustained strength of US consumer spending?
Consumption is one of the major engines of the US economy. Expenditures by households account for approximately 68% of GDP, and thus represent the most vital segment of the US economy. Therefore, it provides important information regarding the outlook of the overall economy, and of the likelihood of a soft or a hard landing, QNB stated in its latest economic commentary. The latest release of the national accounts for Q3-2023 showed its exceptional performance, expanding at an annual rate of 4%. To put this number into perspective, it is significantly higher than the 2.6% average in the five years before the Covid-19 ... (full story)
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OnlineAddict
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Everyone can see the chart, but only a few can actually read it.
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traderathome
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bayugap
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