The hangover: A muted recovery for US consumers

North America Economic Research
Special Report: The hangover: a muted recovery for US consumers

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• In the aftermath of the financial crisis, the household saving rate is expected to drift higher and deleveraging to continue Rising labor income and a reduction in fear set to produce a 2.5% spending gain, well below the expected 3.6% pace of US GDP growth Risks are shifting to the upside: the saving rate has stabilized in recent months and model estimates point to a modest fall in the saving rate in 2010

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