Tuesday, 13 November 2012

Is consumer spending picking up?

Are there signs of a recovery in consumer spending on goods and services? A rebound in household demand will be important in helping to drag the UK economy out of the double dip recession although dependency on consumption-led growth is not necessarily the best recipe for a sustainable growth of output and incomes. For too long the UK economy has relied heavily on domestic consumption rather than exports and investment.

http://www.tutor2u.net/blog/index.php/economics/comments/unit-2-macro-are-uk-consumers-on-the-comeback-trail