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From 2010 to 2019
October 01, 2011
There are three key drivers that raise private household consumption. The first is growth of employment, the second, wage increases, and the third, expanding consumer credit. These key drivers work ei...
July 01, 2011
At its simplest, the global imbalance is seen as a case of China producing/exporting too much and not consuming enough; and the US consuming too much and not saving enough.