Moody's economist: US avoids recession if well-to-do 'keep spending'
PositiveU.S News

Moody's chief economist Mark Zandi has shared optimistic insights about the U.S. economy, suggesting that it can avoid a recession if the wealthiest Americans maintain their current spending habits. This is significant because consumer spending is a major driver of economic growth, and the data indicates that high-income individuals are still actively contributing to the economy. Zandi's analysis highlights the importance of wealth distribution in economic stability, making it a crucial topic for policymakers and citizens alike.
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