Consumption
in sentence
2633 examples of Consumption in a sentence
Their society was meant to be puritanical, frugal, non-permissive, with laws against conspicuous
consumption
and luxuries.
There are also concerns over excessive debt and related fears of a fragile banking system; worries about the ever-present property bubble collapsing; and, most important, the presumed lack of meaningful progress on economic rebalancing – the long-awaited shift from a lopsided export- and investment-led growth model to one driven by internal private
consumption.
Consumption
(private as well as public) contributed only 3.4 percentage points to economic growth in the first half of this year, and an estimated 2.5 percentage points in the April-June period – a deceleration on a sequential quarterly basis that underscores a cyclical, or temporary, weakening in Chinese consumer demand.
For now, it is much more important to examine trends in the potential determinants of Chinese
consumption.
By contrast, the US, in the face of slow growth, was content to sustain exceptionally high levels of
consumption
at the expense of personal savings, inflating a massive housing bubble that burst with a very large and deeply disturbing bang.
But it is not in America’s interest to accentuate and extend its payment deficits at the expense of an internationally competitive economy with strong industry and restrained
consumption.
This East Asian “savings glut” enabled a debt-fuelled
consumption
glut in the US, Britain, and much of the Western world.
But the marriage between Chinese savings and American
consumption
had a fatal flaw: it created non-repayable debts.
For a variety of reasons – hangovers from balance-sheet recessions in Japan and the US, fear-driven precautionary saving in China, and anemic
consumption
in productivity-constrained Europe – the demand side of most major economies remains severely impaired.
More spending, private and public, yes even deficit spending, is needed on a large, sustained scale, for
consumption
as well as investment.
Urbanization is a building block for consumption, because it provides powerful leverage to Chinese households’ purchasing power.
As banks are encouraged to loosen lending standards, especially for middle-income households, an upswing in residential construction and debt-financed
consumption
should add further growth impetus.
But as soon as we accept the premise that to be rational is to seek to maximize one’s utility – defined in terms of consumption, with money the way to maximize it – the economist’s logic wins.
Rather than punitively taxing wealth, globalization strengthens the case for shifting to a flat tax on income (or better yet consumption) with a moderately high exemption.
Energy subsidies – so ingrained in the GCC economies – distort
consumption
and production patterns; defeat government attempts at economic diversification; and increase vulnerability to volatile international energy prices.
In the process, they would shift some of the policy emphasis from production to
consumption.
Annual household
consumption
is now double the level achieved in the Soviet Union’s dying days.
When oil prices collapsed in the mid-1980s, household
consumption
collapsed; soon after, so did the Soviet Union.
This would require, for instance, stimulating growth in Europe, Asia, and the major oil exporters in order to offset the contractionary effect on the world economy of adjustment in the US, which should include more restrictive fiscal policies, less private consumption, and higher domestic savings to reduce its external deficit.
The prohibitionist approach, based on repression of production and criminalization of consumption, has clearly failed.
Instead of sticking to failed policies that do not reduce the profitability of the drug trade – and thus its power – we must redirect our efforts to the harm caused by drugs to people and societies, and to reducing
consumption.
Some kind of drug
consumption
has existed throughout history in the most diverse cultures.
Cutting
consumption
as much as possible must, therefore, be the main goal.
Instead of leading to an explosion of drug consumption, as many feared, the number of people seeking treatment increased and overall drug use fell.
Decriminalization of
consumption
also reduces dealers’ power to influence and control consumers’ behavior.
The steep and sustained drop in tobacco
consumption
in recent decades shows that public information and prevention campaigns can work when based on messages that are consistent with the experience of those whom they target.
On the contrary, by increasing Spaniards’ real disposable incomes, low inflation is helping to stimulate private consumption, fueling a corresponding improvement in economic sentiment indicators, including consumer trust.
Many economists, including myself, believe that America’s thirst for foreign capital to finance its
consumption
binge played a critical role in the build-up of the crisis.
As the economy normalizes,
consumption
and investment will resume.
Yes, China needs to strengthen its social safety net and to deepen domestic capital markets before
consumption
can take off.
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