Economist at Capital Group
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Mounting Evidence Suggests That the U.S. Deleveraging Process Is Coming to an End
Since 2006, U.S. consumers and businesses have been reducing the debt on their balance sheets. The U.S. deleveraging process is now very advanced and there is evidence to suggest that it may be coming to an end. In fact, early signs suggest consumers and businesses may be moving from a deleveraging phase into a releveraging phase.
Historically, such a shift has preceded an uptick in U.S. gross domestic product, consumption and investment growth — all of which have implications for both U.S. and global businesses.
Click here for the full analysis by Jens Søndergaard at Capital Group.
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