Strength in consumer spending does not necessarily imply low probability of recession

Alexander Richter and Xiaoqing Zhou

Dallas Fed Economics from Federal Reserve Bank of Dallas

Abstract: Consumption was not a main driver of GDP declines in previous recessions, and a recession is not necessarily preceded by declines in consumer spending.

Keywords: consumption; investment; monetary policy; real estate (search for similar items in EconPapers)
Date: 2024-01-02
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Persistent link: https://EconPapers.repec.org/RePEc:fip:d00001:97536

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