Weaker Consumer Demand May Be Just What the US Economy Needs - Bloomberg

As concerns multiply about weak consumer demand, so have projections for a reduction in U.S. economic growth. But a brief pullback in consumer spending could give the U.S. economy just the room it needs to adjust.

To be clear, the root cause of the slowdown — the rise of the delta variant of Covid and an accompanying increase in hospitalizations — is indisputably tragic. Declining government support and greater demand for services relative to goods are also factors in downgraded forecasts.

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Weaker Consumer Demand May Be Just What the US Economy Needs - Bloomberg
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