Consumer Spending Lacking

By Anirban Basu

Published June 15, 2017 at 2:36 PM EDT

The U.S. economy remains the largest in the world and consumer spending supports two-thirds of all activity. You might remember that after the 9/11 attacks, consumers were urged to come to the economy’s rescue by spending more aggressively. And as pointed out by a recent Barron’s article, these ought to be boom times for U.S.consumers.

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Anirban Basu

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.

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