Economics
Surprising Business-Spending Growth Key for U.S. Economic Rebound
- Capital outlays outpaced consumer spending in fourth quarter
- Structural shifts from pandemic seen bolstering investment
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The velocity of the U.S. economy’s post-pandemic rebound hinges on more than just an increasingly capable consumer, and business spending appears poised to deliver its own boost.
Economic growth balances on a combination of factors, notably consumer spending, housing demand, government outlays and investment. And while household spending is poised to surge in the next two quarters, capital investment is already flexing its muscle.