Browsing Tag

consumers

Australia is set for a slowdown

From all accounts, it looks like Australia is set for a wicked slowdown. Four global industrial economies have been protected by commodity prices. They are Canada, New Zealand, South Africa and Australia. This Goldilocks scenario looks…

Outlook for Spain: Recession

The well-deserved euphoria over the European Championship in football has brought welcome relief to Spanish consumers, weighed down by a slow economy. However, global economies have not decoupled from the U.S. slowdown. European economies…

Good news on income and spending

The news that income and spending in the U.S. economy has been resilient must be cheered as good (see news release here). It may result in our seeing a W-shaped recession as opposed to a U- or L-shaped one. The U.S. consumer is much more…

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