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Exact(3)
Low interest rates also encouraged consumer spending on cars and homes.
When he came to power in early 2001, he adopted policies that encouraged consumer spending, including urging government-owned banks to begin lending to households.
The Dixons chief executive, Sebastian James, said fears of the banking system's collapse appeared to have encouraged consumer spending in Greece as people with cash stored at home decided to spend it on items that would hold their value.
Similar(57)
True, the wealth effect has been bolstered by the stock market, which had soared to new all-time highs (before today's sweeping decline), and greatly encouraged consumers to spend.
Macroeconomic policy works in much the same way: built-in fiscal stabilisers automatically adjust taxes so that consumer spending is dampened in booms and encouraged in recessions.
Consumer spending has weakened.
Consumer spending has stalled.
Consumer spending jumps.
Consumer spending is vibrant.
Consumer spending might slow.
Consumer spending remains depressingly flat.
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