Partial Recovery in U.S. Consumer Spending

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Consumer spending is one of the favorite metrics to interpret economic recovery during a crisis. Perhaps the metric has never been more useful than during the coronavirus crisis.
The consumer is the growth engine in any economy. If the money is stashed under the mattress, meaning the consumer is not spending, but saving, the economy will have a hard time to recover. Thus, it is all about trust and reducing uncertainty in an economy’s ability…

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