Pantheon Macroeconomics - The national accounts for the fourth quarter showed that the economy relied on households slashing their saving rate to a record low in order to spend more. Now, growth in consumer spending will have to fall back in line with real incomes, which will increasingly be impaired by rising inflation.

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3 April 2017 Q4 Consumers' Spending Spree Will End Abruptly This Year

By Samuel Tombs

The national accounts for the fourth quarter showed that the economy relied on households slashing their saving rate to a record low in order to spend more. Now, growth in consumer spending will have to fall back in line with real incomes, which will increasingly be impaired by rising inflation.

Posted: 2nd Apr 2017 in 'U.K. Documents'

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