Asia consumers remain cautious about spending – Citibank

The Citibank analysts assess the impact of the Asian consumer spending on the US economic recovery, in their latest client note.

Key quotes

“The consumer is far from firing on all cylinders in Asia, and I think that's a concern for us here in America."

“Asia consumers have remained cautious about spending, despite the fact that certain parts of Asia weren't hit as hard by the coronavirus pandemic.”

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