Consumers poised to resume spending

Professional Adviser
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The US has shown alternate quarters of strong and sluggish growth, with the final quarter of 2002 ex...

The US has shown alternate quarters of strong and sluggish growth, with the final quarter of 2002 expected to show little growth. However, forward-looking indicators began to point to improved conditions. Surveys on consumer and business confidence have recovered, helped by the recent market rally. In the event of a resolution to the situation in Iraq, the US consumer has the resources to resume spending. In the UK, the prime drivers of growth remained consumers ' largely on the back of increased debt ' and government spending. It is a concern that the sharp increase in government spe...

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