Consumption
in sentence
2633 examples of Consumption in a sentence
The revival of investment has followed the resumption of
consumption
growth.
If European policymakers are serious about economic recovery, they should focus on consumption, not investment.
In this context, it is more urgent than ever that China curbs its reliance on foreign demand and high levels of investment, by fostering sustainable domestic
consumption.
In far too many countries, fuel is heavily subsidized, straining government budgets and encouraging wasteful
consumption.
More problematic, lower oil prices encourage excessive
consumption
– the long-term environmental impact of which will be compounded by the weakening incentive to invest in alternative energy sources.
European households almost everywhere became more indebted, but the impact of this credit expansion on private
consumption
was fundamentally different in the EU’s core countries, where current-account surpluses grew, and in the periphery, where countries accumulated deficits.
The same study argues that in the more financially repressed peripheral countries, the main expectation associated with the liberalization process was that those who had previously lacked access to credit – say, because of low incomes or low savings – could now borrow, in order to finance more
consumption.
This primarily benefited wealthy households, which could, for example, borrow to make long-term investments that would finance future, rather than current,
consumption.
Because higher-income households comprise a larger share of the total in these countries (which also tend to have lower levels of inequality), aggregate
consumption
remained subdued.
With troubled commercial banks more risk-averse, these struggling consumers could no longer borrow to roll over their debt and finance current consumption, which came to a halt, deepening the recession.
Most of this
consumption
is unnecessary, however, as the cause of diarrhea is usually viral; taking antibiotics in these cases only contributes to the development of resistant bacteria.
Were these four countries to provide their citizens with universal access to clean water and sanitation, this
consumption
could be reduced by at least 60%.
With much of the water in its rivers, lakes, and aquifers unfit for human consumption, pristine water has become the new oil for China – a precious and vital resource, the overexploitation of which risks wrecking the natural environment.
With official growth data usually aligning a little too closely with government targets to be credible, skeptics are turning to other, more tangible measures of economic conditions, pointing out that energy consumption, freight railway traffic, and output of industrial products like coal, steel, and cement has slowed sharply.
But success presupposes less reliance on investment spending and export demand, and more on domestic household consumption, to support growth.
Foreign investors would work in support of local communities, enabling them to produce food and services for local consumption, rather than displacing them, as is so often the case.
Specifically, it is hoped that an artificial surge in asset prices will make people feel richer and more optimistic, thus triggering “wealth effects” and “animal spirits” that stimulate
consumption
and investment spending, bolster job creation, and, in the process, “validate” the artificial asset pricing.
Already, measures to mitigate HFC production and
consumption
are being pursued through the Montreal Protocol on protecting the ozone layer.
In many countries,
consumption
has been booming, even as economic growth slows.
Household
consumption
accounts for more than two-thirds of aggregate demand, and
consumption
growth depends on income growth for the bottom 90%.
Moreover, two-thirds of the decline is attributable to slower investment rather than slower
consumption.
Given these features, today’s global growth spurt is starting to generate a virtuous cycle among consumption, investment, and trade.
The sweat of one’s brow was no longer associated with productive work, but with
consumption
– often conspicuous
consumption.
“Difficult” works of literature or visual arts will become an ever more attractive form of conspicuous
consumption.
The reason, of course, is climate change: unless fossil-fuel
consumption
is cut sharply – and phased out entirely by around 2070, in favor of zero-carbon energy such as solar power – the world will suffer unacceptable risks from human-induced global warming.
Of course, the need for climate action does not stop with investors; sustainable
consumption
and production practices by businesses and individuals must be part of the solution as well.
These measures have proved effective: Ukraine reduced gas
consumption
by over 20% last year and is continuing to save even more on energy.
But it was responsible for allowing flawed expectations of a sharp recovery to pre-crisis levels of output and
consumption
to persist.
Not only is China rebalancing its economic model from exports to consumption; it is also redefining its national character.
And while the US has long urged China to tilt its growth model toward private consumption, it is uncomfortable with many of the implications of this shift.
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