The U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane - related slowdown in consumer spending and a decline in construction. (cnbc.com)
Although Kimco's management has cited it is well positioned to withstand the current slowdown in consumer spending, the company did scale back its development pipeline to $ 2 billion from $ 2.1 billion. (nreionline.com)
Economists are cautiously optimistic the slowdown in consumer spending will not spill over into the third quarter given the steady improvement in employment, which is starting to generate some growth in income. (entrepreneur.com)