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17th Dec 2024 21:19USDaily Monitor

  • November's retail sales suggest real consumption is on track to rise by a solid 3% or so in Q4...
  • ...But income growth is slowing and favorable wealth effects on spending will fade in 2025.
  • Expect a downturn in residential construction, now that the pipeline of new projects is drying up. 

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Keywords for: 18 December 2024 US Monitor Brisk growth in consumption has increasingly fragile foundations

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