An index measuring consumers’ short-term outlook for income, business, and labour conditions fell to 97.4 in December from 100.3, according to a Tuesday report from The Conference Board. Growth and consumer spending are unlikely to gain momentum in early 2020, said Lynn Franco, director of economic indicators at The Conference […]
US consumer household finances are showing signs of trouble, according to a report by UBS. The report also showed that lower income consumers are being hit the hardest. US household spending accounts for 70% of gross domestic product and is a major driver of the economy. If it slows, it […]
2015 hasn't been a great year for China.