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Strength in consumer spending does not necessarily imply low probability of recession
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;
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https://www.dallasfed.org/research/economics/2024/0102
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2024-01-02