primarily weakened
by sluggish consumer spending and tepid business investment.
But that has been compounded
by sluggish consumer spending, reinforced on Friday by figures showing that retail sales in September were below expectations again as households steered clear of discretionary purchases.
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
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.
Not exact matches
This aging expansion, now in its eighth year, weakened
by faltering profits, is becoming more vulnerable due to slowly rising interest rates,
sluggish consumer spending, shrinking profit margins and rebounding energy costs.