GDP growth pre-government shutdown is a positive, however, we realized the slowest-expansion in consumer spending in two years, which will work to stymie the country's struggling recovery. Higher taxes and slow wage growth are to blame for the anemic consumer spending.
NOT FOR REPRINT
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.