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The hangover: A muted recovery for US consumers
North America Economic Research
Special Report: The hangover: a muted recovery for US
consumers
Click here
for the full
Note and disclosures.
• 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
See Full Article Here:http://img.scoop.co.nz/media/pdfs/1001/JPM__Special_Report__The_hangover__a_muted_recovery_for_US_consumers___20100129_367685.pdf
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