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Consumer advocates generally say it restricts consumer rights and remedies.
Fear has paralyzed consumer spending in the U.S. The credit crunch and falling housing prices have severely restricted consumers' ability to borrow against their homes for big-ticket consumer purchases.
In separate remarks, Janet Yellen, Dennis Lockhart and Eric Rosengren, who head up the San Francisco, Atlanta and Boston branches of the Fed, respectively, all discussed the likelihood of subpar economic growth moving forward, as GDP is restricted by high unemployment and lackluster consumer spending.
Industrial confidence slid (again) in April; feeble consumer spending, despite tax cuts, restricted GDP growth to 0.4% in the first quarter.
Economist Nouriel Roubini observed that at the level of economic inequality currently gripping the US, the average citizen's ability to participate in democracy is restricted and the American economy, dependent upon consumer spending, is debilitated.
It restricts the flow of funds going into equities, and it reduces consumer spending as awareness spreads that the great bubble stocks of the late 1990s aren't coming back quickly.
The nation is deeply indebted, consumer spending is in free fall, its banks are ruined and capital controls restrict the flow of money outside the country.
Rising consumer spending is helping to sustain growth in China, the world's seventh-largest economy as the government restricts investment in manufacturing and real estate.
Consumer spending has weakened.
Consumer spending jumps.
Consumer spending is vibrant.
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CEO of Professional Science Editing for Scientists @ prosciediting.com