This week on “Inside the Economy”, we discuss the global recovery and consumer behavior. We are seeing the global economy get back on track with a rise in corporate profits, continued low unemployment numbers, and State Revenues recovering to pre-Covid levels. With the Delta Variant becoming more prevalent across the globe, will we see this pattern continue through the end of the year? Consumer behavior is also beginning to turn up as we see increased spending volumes, low average loan balances, and core inflation remaining elevated in the short term. Be sure to tune in to learn about all this and more!
- 2nd Quarter GDP comes in around 6.5%
- Gas and oil markets begin to stabilize
- Inventories remain at all-time lows due to supply issues
- Corporate profit margins continue to recover