M
Mohamed El-Erian
President at Queens' College, Cambridge
2417012 followers
Re the just-released US economic data: The gap between income and consumption continued in December as household incomes rose 0.6% and spending fell 0.2%. Adds to short-term pressures on the labor market and the economy as a whole ... while, for the longer-term, bolstering pent up demand. #economy #gdp #recession #economics #economyrecovery
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