Advertisements

Posts Tagged ‘ Financial recovery ’

Consumer Spending Peaks Since Bailout

consumer-spending1The willingness of the Irish consumer to spend money is at its highest level in three years, regardless of the fact that over 50% of people polled believe their disposable income will have lessened by next year.

A survey done by Behaviour and Attitudes revealed that 55% of people think their wages will decrease by next year, and that the Irish economy will continue to worsen; just 12% said they believe the economy will be better in 2014. Yet surprisingly, consumer confidence has risen, to its highest level since before the 2010 bailout. B&A director Luke Reaper said of the report, “this leads us to believe that Irish consumers, while still viewing the economy negatively, are beginning to weather the storm”. Continue reading

Advertisements
Advertisements
Advertisements