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Exact(11)
Like other businesses dependent on consumers and consumption to make a fast buck, the gambling trade looks particularly vulnerable.
And even a modest additional slowdown in spending is likely to have significant repercussions for an economy that was already dependent on consumers simply to remain afloat.
In the short term, however, it can slow a recovery because the economy is partly dependent on consumers' willingness to spend.
He added that recent weak trade data showed that the economic recovery has been unbalanced – too dependent on consumers, instead of exports and business investment.
The effect, as after all the other devaluations and depreciations of the past 100 years – 1931 , 1949 1967, 1976, 1992 and 2007 – will make the economy less dependent on consumers and more reliant on producers.
Other developing countries are caught in their own globalization binds — from Mexico, heavily dependent on consumers in the United States as customers, to even China, its export juggernaut slowing so much it is likely to grow half as much this year as last.
Similar(49)
"The lack of wage growth leaves the economy vulnerable to setbacks, especially as growth has one again become all-too dependent on consumer spending, which is in turn reliant on low inflation". said Chris Williamson, chief economist at data provider Markit.
Dell, by contrast, is more dependent on consumer and corporate spending fluctuations on hardware.
Is growth too dependent on consumer spending and asset price bubbles?
"Banks are still very dependent on consumer deposits to meet funding needs".
The European auto industry, heavily dependent on consumer sentiment, is already retrenching.
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