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July 2, 2003

Recovery hinges on consumer spending

  • Since consumers have been buying houses, cars and just about everything else they've wanted in recent years, there isn't much left that they need.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK -- Shoppers, your economy needs you. Stop spending now and you could really spoil chances of a recovery.

    With businesses still holding out on making major purchases, it's looking more and more like consumer buying will be key to reviving the slumbering economy.


     
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