ING’s James Knightley on why the consumer story will be one to watch as the US economy slows in the second half of this year.Video Length: 01:18:00 The worrying US wealth divideThe consumer is primarily what drives US economic prospects – but it seems that evidence of a change in narrative could be starting to emerge. As the US economy moderates and as the credit card loan delinquency rate rises, we think a potential weakening in the consumption story will be key to watch through the remainder of this year.More By This Author:Poland’s Labor Market Remains Resilient, But A Delayed Slowdown Impact Is Emerging
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