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Economic resilience depends on consumer strength, Mark Zandi warns
Recent economic data suggest that the U.S. economy remains vulnerable even before the full effects of the Iran war are felt. Mark Zandi emphasized that the ability of consumers to maintain spending is becoming a critical and uncertain factor for avoiding recession.
He noted that real consumer spending will play a pivotal role in determining the direction of the economy.
Zandi has recently flagged rising issues for U.S. subprime borrowers, noting that over 10% of debt is now delinquent as of February in recent comments. He also discussed with CNBC the rising recession risks on Wall Street. These trends highlight pressures that could weigh on consumer financial health.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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