Will Strong Consumer Spending End in 2024? Majority of Investors Predict Decline
  • 7 months ago
A Bloomberg survey found that over half of investors predict a decline in personal consumption in early 2024, potentially due to high interest rates and reduced pandemic savings. Experts question the sustainability of current strong consumer spending, which has been driven by one-off factors like entertainment activities. Researchers suggest that consumer savings from the pandemic will run out soon, potentially leading to a consumer-led recession.
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