The pace of Europe’s economic recovery hinges largely on consumer behavior, yet households remain cautious after enduring prolonged financial strain. High inflation, elevated borrowing costs, and stagnant wage growth have left many families with depleted savings and heightened uncertainty. Although inflation has eased somewhat, the cumulative impact of recent economic pressures continues to affect spending patterns. Retail sales data show only modest gains, suggesting that consumers are prioritizing essentials over discretionary purchases. This hesitancy poses a challenge for policymakers hoping for a robust rebound driven by domestic demand. Without stronger confidence in job security and income growth, the region’s path to sustainable expansion may remain fragile.
— news from The Wall Street Journal
— News Original —
Europe’s Economic Recovery Hopes Hang on Scarred Consumers The Wall Street Journal
Europe’s Economic Recovery Hopes Hang on Scarred Consumers The Wall Street Journal