Sentences with phrase «dependent on consumer spending»

Not exact matches

While Canada is not so dependent as our southern neighbour on the length of the cash line at Walmart, consumer spending nevertheless consistently accounts for 55 % of our gross domestic product.

Canadian pay increases are about the same as inflation — in other words, weak — which helps explain why consumer spending has been so dependent on borrowing.

China is still far too dependent on capital spending and exports; for the country to have anything resembling a balanced economy it needs to see the consumer sector playing a more prominent role.