US consumer fundamentals remain strong despite some near-term headwinds, and we expect private consumption to be a key driver of growth over the remainder of the decade. Underlying this will be a transition in the mix of spending from consumer durables and essential goods towards discretionary items and in-person services. And the outlook for spending will vary between metros, both in the pace of growth, and what consumers spend their money on.
What you will learn:
Topics: United States, Cities, Forecasts, Economic outlook, Consumer spending, Labour markets, Coronavirus, Growth & secular trends, Metro Economic Outlook, US economy, North America, Consumer, Employment, Recovery, Metros, Growth, Outlook