Consumer
in sentence
1500 examples of Consumer in a sentence
As part of the annual reworking of the US National Income and Product Accounts that was released in July 2011, Commerce Department statisticians slashed their earlier estimates of
consumer
spending.
We all knew it was tough for the American
consumer
– but this revision portrays the crisis-induced cutbacks and subsequent anemic recovery in a much dimmer light.
Such an outcome would have three profound implications for the economic outlook: First, since
consumer
demand still accounts for 71% of real GDP, a protracted shortfall in trend consumption represents a major headwind for overall US economic growth.
Europe and Japan are in no position to take up the slack, and
consumer
sectors in the world’s major developing economies – especially China – lack the scale and dynamism to take over.
The good news is that will force them to embrace long-overdue rebalancing strategies aimed at stimulating domestic
consumer
demand.
The US economy – as well as the global economy – cannot get back on its feet without the American
consumer.
Instead of one GST rate, as in most countries, India will have four: 5%, 12%, 18%, and 28%, plus a 0% rate for items like food grains, cereal, and fresh milk, and a luxury tax (43% and more) on expensive cars and other high-end
consumer
items.
The
consumer
price index rose by 1.6% in 2010, when quantitative easing began, then increased somewhat faster in 2011 and 2012, before dropping back to a gain of just 1.5% in 2013, the peak year for asset purchases.
A rebalanced China can grow more slowly for one simple reason: By drawing increased support from services-led
consumer
demand, China’s new model will embrace a more labor-intensive growth recipe.
It would pay higher prices for inputs and
consumer
goods, and British firms’ reduced integration into global value chains would undermine productivity.
What better place than Brazil, with its large and growing
consumer
market, to incubate the next Facebook?
If they do not move quickly enough, there is a broad cohort of whistleblowers, unions,
consumer
advocates, and others to give them the needed push, serving as a system of checks and balances.
Thanks to falling unemployment, rising home values, and record stock prices, an emerging consensus of forecasters, market participants, and policymakers has now concluded that the American
consumer
is finally back.
That is by far the most protracted period of weakness in real US
consumer
demand since the end of World War II – and a massive slowdown from the pre-crisis pace of 3.6% annual real consumption growth from 1996 to 2007.
One of the first concepts to which an economics student is exposed in a basic macro course is “pent-up”
consumer
demand.
Over most of the postwar period, this post-recession release of pent-up
consumer
demand has been a powerful source of support for economic recovery.
The worst
consumer
recession in modern history, featuring a record collapse in durable-goods expenditures in 2008-2009, should have triggered an outsize surge of pent-up demand.
Instead, the release of pent-up
consumer
demand was literally half that of previous business cycles.
The third point is more diagnostic: The shockingly anemic pattern of post-crisis US
consumer
demand has resulted from a deep Japan-like balance-sheet recession.
At the same time, while
consumer
confidence is on the mend, it remains well below pre-crisis readings.
The
consumer
price index dropped to 0.8%; the producer price index fell by 4.3%; exports contracted by 3.3%; imports were down by 19.9%; and growth of broad money (M2) slowed by 1.4%.
The return of asset prices to historic levels could therefore imply a decline of $400 billion in
consumer
spending, equal to about 2.5% of GDP, which would start a process of mutually reinforcing declines in incomes and spending leading to an even greater cumulative impact on GDP.
The wealth of proprietary data on
consumer
preferences and behavior is producing such massive returns to scale that a few giants are monopolizing markets.
With official figures widely discredited, private analysts estimate that
consumer
prices are rising at an annual rate of 25% or more.
As declining
consumer
confidence and household purchasing power deepen the recession, projections of when the crisis will end are repeatedly pushed back, and those bearing the brunt of austerity are losing hope.
The
consumer
price index (CPI) rose at a 3.5% rate from 1985 to 1995, and then slowed to just 2.5% in the decade to 2005.
The resulting rise in household wealth boosted
consumer
spending and revived residential construction.
Moreover, the McKinsey Global Institute reports that Africa boasts a robust and growing
consumer
class, with a combined spending power of over $800 billion.
This powerful
consumer
base will demand the products – such as housing, appliances, automobiles, and computers – that European consumers demanded over the last 50 years.
European companies could be given tax breaks or other incentives to establish assembly plants in Nigeria, thereby creating jobs in the region and further expanding Africa’s
consumer
base.
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