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At the same time, it means stronger consumers for foreign goods.
"At that point, I think export growth and stronger consumers will be enough to turn the economy back on an upward growth path," he said.
Similar(58)
Stronger consumer spending would also boost profits.
Financial regulators are likely to step in and enforce stronger consumer protections.
The increase in output in the third quarter was driven primarily by stronger consumer spending.
The further increase this month reflected stronger consumer spending, which accounts for about 70 percent of economic activity.
In the meantime, stronger consumer spending could still help some companies.
But he said the flood of imports could be signaling stronger consumer spending and business investment.
Stronger consumer spending would help corporations that do business in the United States.
It will also mean stronger consumer protection policies and hiring more skilled people.
Who doesn't want higher wages, stronger consumer spending and heftier tax collections?
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