Tuesday, December 29, 2020
Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe
The goods-based recovery.
About 70% of U.S. GDP growth comes from consumer spending. And this spending can basically be broken into two categories — goods and services.
A good is an item — a couch, a car, a shirt.
A service is basically anything else — a meal, a surgery, an Uber.
And about two-thirds of this spending from consumers is typically focused on…
Source link
