Continued Slowdown in American Private Consumption

Despite increased turbulence on the international financial markets, a slowdown in the US economy, and high oil prices the world economy will grow by between four and five per cent in 2008, a historically high level. China and other developing countries represent an increasing portion of the growth in the world economy and the conditions for growth aren’t as poor as they may appear. IFKA’s monthly analysis of US private consumption, US Consumer Demand Index, indicates continued slowdown in the coming months, but not an actual recession. Growth will prevail.
 
Senior Analyst Jørn Thulstrup
 
For full background and details you need to be a subscriber to the US Consumer Demand Index.