Tuesday, May 02, 2017

Fall of inflation, income improvement but high debt remains retracted consumption

The stability of income provided by the fall in inflation of recent months should not turn into greater purchasing power for consumers. That''s because the deterioration of the labour market combined with a strong household indebtedness should halt consumption until the end of 2017, say experts consulted by the State.
The intensity and duration of the current economic downturn, which has led the Country to strike in March jobless 14,200,000 record number, priority of people were looking at with your budget, the Loupe in order to pay off debts and cut any spending that was unnecessary.
O Estado de S. Paulo - 01/05/2017
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