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Consumption in sentence

2633 examples of Consumption in a sentence

But, unlike then, the countries that are accumulating the capital today are not spending it on consumption – remember the endless pictures of Saudi princes buying up real estate on the French Riviera – but on investment, infrastructure, and education.
Even China, which is trying to shift its economy more toward consumption in order to reduce its dependence on capital spending, has put in place an infrastructure of roads, power grids, ports, and railways that will serve its domestic economy for decades.
With households focused on repairing severely damaged balance sheets, inflation-adjusted private consumption has expanded at an anemic 0.5% average annual rate over the past four years.
The good news is that we already know many of the policies and technologies that can deliver substantial savings in energy consumption and CO2 emissions.
Despite the rhetoric of the new Five-Year Plan – which, like the previous one, aims to increase the share of consumption in GDP – the path of least resistance is the status quo.
To avoid this fate, China needs to save less, reduce fixed investment, cut net exports as a share of GDP, and boost the share of consumption.
The big difference is that the share of China’s GDP going to the household sector is below 50%, leaving little for consumption.
Conspicuous consumption was eschewed.
In the opportunity culture of the United States, by contrast, conspicuous consumption was more tolerated.
The US economy’s distinctive features for at least a decade prior to the crisis that began in 2008 were an unsustainably high level of consumption, owing to an illusory wealth effect, under-investment (including in the public sector), and savings that fell short of the investment deficiency.
That excess household and government consumption fueled the domestic economy – and much of the global economy as well.
In several European countries that now confront fiscal and growth challenges, the pattern was somewhat different: most of the excess consumption and employment was on the government side.
Excess consumption merely hides these costs temporarily.
Most are for sums of only $100-$300, and they normally go towards immediate household consumption.
The 1.2 billion poorest people on the planet account for just 1% of global consumption, while the billion richest are responsible for 72%.
At under 40% of GDP – compared to at least 60% in advanced economies – Chinese household consumption certainly has space to grow.
Owing to its expanding middle class, the region will likely account for half of the global increase in annual beef and poultry consumption and over three quarters of the rise in fish consumption between now and 2030.
Future US consumption will be greener, and the cost of climate policy reduced, if the US recovery package includes money to weatherize homes, upgrade the electricity grid, and help the auto industry improve fuel efficiency.
The only chance of improvement is to decouple economic growth from energy consumption and emissions.
It also requires more energy efficiency, which means a reduction of waste in both energy production and consumption.
While this strategy worked in the short term, it caused food consumption to increase far beyond what the economy could sustain.
But it has made far less progress in boosting private consumption.
The disconnect between surging services and lagging growth in private consumption has been accompanied by a steady rise in China’s urban saving rate to 30% in 2014 (versus 24% a decade earlier).
China’s high and rising urban saving rate in a climate of vigorous per capita income growth reflects a persistent preference for precautionary saving over discretionary consumption.
But speedy implementation of the shift from production to consumption will be vital if the country is to remain on course and avoid the middle-income trap.
Central banks have been handed the job of keeping economies afloat, but most of the money that they print remains stuck in the banking system, unable to arrest stagnating consumption and falling investment.
Rebalancing the economy by shifting toward domestic consumption and avoiding over-investment will require major fiscal and monetary reforms, as well as structural reforms to delineate land-use rights more clearly.
Of the many factors that have decreased the share of consumption in China’s economy, declining household disposable income has been central.
Recently, I attended an IMF-organized workshop in Beijing that brought together Chinese officials, academics, international analysts, and IMF staff to discuss how best to catalyze household consumption in China.
Another route to improve consumption could be to offer households greater support .
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