Premium
Consumer Demand
Publication year - 2014
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.12090
Subject(s) - economics , earnings , inflation (cosmology) , falling (accident) , consumer spending , consumer demand , labour economics , monetary economics , macroeconomics , microeconomics , finance , physics , theoretical physics , medicine , environmental health , recession
Consumer spending had propelled the economic recovery through 2013 despite average earnings continuing to decline in real terms. But falling inflation and a steady uptick in earnings growth have meant that real wages have headed back into positive territory once more. With additional support from gains in employment, the foundations of the consumer recovery look increasingly secure…