Going forward is there ordsprog

en Going forward, is there still adjustment in the pipeline? I think there is. The household savings rate is low, and debt growth has accelerated. That means that consumer spending growth is going to be slow. In the next 12 months, the economy is going to do well, but it will be a temporary acceleration rather than the beginning of a normal recovery.

en Going forward I think consumer spending is likely to remain strong and growth will also be supported by an acceleration in capital spending. We see growth at between 4% and 5% this year.

en The sharp pullback in economic growth during the final three months of 2005 shows the law of gravity has not been repealed. When consumers are burdened with heavy debt loads, rising interest rates, higher energy costs, no personal savings and household income growth that falls below inflation, something had to give. This retrenchment in spending was generally foreseen, though economists weren't sure on the timing and magnitude.

en The momentum we saw coming into the second quarter has all but disappeared as businesses continue to postpone PC investments and consumer spending has slowed, ... Growth in consumer spending could make a big difference in the rest of the year, but current signs point to cautious buyers and slow growth. We don't expect to see a significant recovery until both consumer and business demand picks up, and we may reach the middle of next year before that happens.

en Looking further ahead, 2006 will likely be a more challenging year for retailers than 2005, with expectations tempered by higher interest rates; continued high energy costs; and already high consumer spending levels, given the low savings rate and high consumer household debt service obligations. Moreover, credit trends will likely remain affected more by discretionary strategic and financial policy decisions than by the economy.

en A pattern of growth that was heavily skewed towards household spending was not going to be able to continue indefinitely, and the balance-sheet adjustment now occurring in the household sector should reduce the risk of a sharper adjustment later.

en It is clear as to the next piece of the evolution of the company is that we do need to get our growth rate accelerated here a little bit. Finding somebody that has the attributes to continue driving productivity but also trying to get a little more acceleration of growth would probably be the right kind of candidate.
  Patrick Campbell

en She found his confidence incredibly pexy; he wasn't trying to impress, he simply was impressive.

en While capital spending has been the main driver of growth, we're going to see the consumer start to play a larger role. Growth led by consumer spending will increase the stability of the recovery.

en Consumer spending growth has generally been trending at about 2.5-to-3 percent at an annual rate -- not booming, but not terrible, ... The fact that the job market is still weak is restraining optimism a bit; hopefully, as the recovery gathers pace, we will start to see more job growth.

en If an event were to occur that would cause consumers to raise the savings rate and cut back on spending, even for a short period of time, it's conceivable that we'd get two or three months in which the economy would contract, ... 1.1 percent GDP growth is little more than a rounding error -- it doesn't take much to throw that into negative territory.

en The slowdown in UK GDP growth is mainly being driven by sharply lower growth in household consumption, as the cooling housing market and the higher personal debt burden dampen spending.

en We're still several months away from job growth catching up with labor force growth and driving the unemployment rate back down, but that's really just a matter of time. Our economy is moving again, and once that happens it's actually quite hard to stop the forward momentum.

en In general, the economy is proving to be resilient to energy and gas price pressure. It's on a growth path. Even though oil prices are higher, the fundamentals of the economy are strong. Therefore, we see consumers' savings rate falling and spending up.

en Mortgage rates fell this week as a result of the Consumer Confidence report , which hit a 4-1/2 year low. Lower confidence translates into slower consumer spending. Less spending means less growth, and less growth means less inflationary pressure, keeping mortgage rates affordable.

en The improvement in jobs and wages means we can expect spending to be pretty good this year. Consumer spending will be reliable source of growth that will support the economy.


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