Prospects for consumer spending to 2005

摘要

Private consumption played a crucial role in supporting economic growth in 1997, rising by around 4.2 per cent, following an increase of 3.6 per cent in 1996. Consumer spending is set to continue to boost economic activity year. Consumers' expenditure is forecast to rise by 3.3 per cent in 1998. Medium term growth is expected to remain healthy but significantly lower than During the 1980s boom.