"sluggish consumption" is a grammatically correct and commonly used phrase in written English.
It refers to a slowdown or decrease in the rate at which people are buying or using goods or services. Example: "The economic downturn led to sluggish consumption, with consumers tightening their belts and spending less on luxury items."
The big concern since 2009 when China unleashed a mammoth stimulus programme has been the economy's excessive reliance on investment and its sluggish consumption spending.
In the short term, however, sluggish consumption makes it hard for the economy to recover.The commodity market may also be a long-term headwind for the global economy.
Weak capital spending on the part of businesses and sluggish consumption were cited as culprits in the current economic slowdown.
Mexico's economy expanded by just 1.1% in 2013, on account of lower government spending, weak demand for exports and sluggish consumption.
Oil prices have fallen by about 40% since mid-June, amid concerns of sluggish consumption growth, strong supply from North American shale fields and OPEC's recent decision to maintain its production output.
"Nevertheless, the very low capacity utilization rate and sluggish consumption and investment prospects suggest core prices are likely to ease further and that risks remain skewed to the downside," Piretti said.
With unusually sluggish U.S. consumption likely to remain the postcrisis norm, exports and investment investment in its people as well as in infrastructure and new productive capacity are the only hopes for offsetting an otherwise chronic growth shortfall.
The $3.11 billion project reflects South Korea's eagerness to increase government and private spending on construction and other projects to help offset sluggish local consumption and exports, which have weighed on the economy.
Domestic demand continued to be held back by spending restrictions imposed on all levels of government (with a view to reining in budget deficits) and by sluggish private consumption.
This category of theories may provide an alternative to habit formation as a means of explaining the sluggish reaction of consumption spending to economic news.
The economy has stopped growing because exports are stagnant, consumption is sluggish and investment and tourism figures have declined.
