Economics

Turbocharged U.S. Consumer Plays Key Role in Supply-Chain Snarls

  • Excess demand in U.S. dwarfs euro area: Nomura economist
  • Spending on travel, entertainment is poised to ramp up again
Photographer: Jutharat Pinyodoonyachet/Bloomberg
Lock
This article is for subscribers only.

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Amid all the hand-wringing over global supply-chain snarls and how they’re fanning inflation, little attention in the U.S. is being paid to the demand side of the economy.