Slowed spending can incite a recessionary cycle by hitting company profits, prompting job cuts and weakened spending as more go without jobs.
Consumer spending remains strong despite recession warnings and global economic slowdown, but Bank of America Merrill Lynch found a collection of negative signals that could drag on spending behavior. Slowed spending can incite a recessionary cycle by hitting company profits and prompting job cuts. The team highlighted non-mortgage debt, slowing job growth, and volatile consumer sentiment as the three critical threats to consumer spending.
Consumer spending remains strong despite recession warnings and global economic slowdown, but Bank of America Merrill Lynch found a collection of negative signals that could drag on spending behavior. Slowed spending can incite a recessionary cycle by hitting company profits and prompting job cuts. The team highlighted non-mortgage debt, slowing job growth, and volatile consumer sentiment as the three critical threats to consumer spending.
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