Consumer Outlook Brightens, Slightly

The Visa Business and Economic Insights (VBEI) midyear report paints a brighter picture than other research that's been released—especially in regard to the state of the consumer.

The Visa research followed The Conference Board's monthly consumer confidence report, which showed a slight gain for June.

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In the Visa study, VBEI researchers acknowledged that higher energy costs are squeezing household budgets and creating fresh challenges: "a surge in business investment—particularly in artificial intelligence, clean energy and strategic industries—is helping offset the strain on consumers and keep the economy moving forward."

As a result, the authors of the report are calling for the global economy to grow 2.4 percent this year. That rate of growth is being pressure by higher levels of inflation.

According to separate data from the Council on Foreign Relations and the International Monetary Fund, the global inflation rate is pegged to average approximately 4.5 to 5 percent this year. More adv

Fuente original: Yahoo Finance (https://finance.yahoo.com/economy/articles/consumer-outlook-brightens-slightly-153004597.html)