If the consumer doesn't believe that the economic and employment expansion we are seeing is built to last, it could become a self fulfilling prophecy driven by sluggish consumer spending. (fortune.com)
«Given the out - sized impact of homeownership on personal balance sheets and its interplay with the aspirations and behaviors of U.S. consumers, if this downshift in housing expectations persists, it could portend a longer period of price deceleration and more sluggish consumer spending than some people are currently expecting.» (rismedia.com)
Four out of the nine economists projected the GDP contracted for the first time since October - December 2015, when it shrank 0.3 % on quarter, or 1.1 % on an annualized basis, hit by sluggish consumer spending amid a slow wage recove (mninews.marketnews.com)