Can consumer spending “save” the economy?
While some economic indicators — declining business investment, CEO pessimism, the inverted yield curve — are suggesting that an economic slowdown’s imminent, consumer spending has remained high. And consumer spending drives most of the economy. So the question is: Will people keep buying stuff, continuing to prop up the economy? Or will negative business sentiment transfer to consumers? The answer depends on whom you ask.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
