Wednesday, April 7, 2010

Consumer borrowing falls $11.5 billion in February

Consumer borrowing fell again in February, reflecting weakness in credit cards and auto loans. It marks a setback to hopes that consumers are beginning to feel more confident and will start spending more.

In a consumer driven economy, the greater consumers withdrawal, the more the public sector has to either has to fill the void or watch GDP contract.

Source: finance.yahoo.com

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