Over the past 18 months, the US economy has been split between growth and non-growth sectors and to continue to grow at its present rate, the economy’s non-growth sectors need to pick up the slack — that’s according to a recent research report on the US economy from HSBC.
According to the report, the US economy has been divided into two sectors over the past 18 months. Consumption spending has been growing at a healthy rate, boosted by low-interest rates and lower energy prices helping this sector of the economy to pick up steam. Low-interest rates and the availability of capital have also helped boost the housing sector, which has gradually gained strength. Rising home prices and increases in household income...
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