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A New World Order Of Consumption: Consumers In A Turbulent Recovery

Date Added: Jun 2010
Format: PDF

For most consumers, the recovery has arrived, but the future remains overcast. Job losses have begun to stabilize in many key markets thanks to strong government intervention. The International Monetary Fund now estimates world GDP growth for 2010 at around 4.2 percent. Although such a growth rate is not stellar, it is much better than the 1-9 percent predicted back in early 2009, but concerns are looming, including: the risk of insolvencies among member states in the euro zone, sustained economic instability in Spain and Mexico, and a US.