C&W Research: U.S. Economic Update – Consumers Will Drive Growth in 2015

consumersAmerican consumers have not increased spending in the current expansion as rapidly as in previous economic upturns. But that appears likely to change in the coming year. A combination of tighter labor markets, which should lead to higher wages, rising employment, and increasing optimism are expected to lead to growth in consumer spending at the fastest pace of the recovery so far. The year 2015 should be the year of the consumer.

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