Posted 2/4/2024, 9:36:06 AM
Economic Headwinds Pick Up As Pandemic Tailwinds Fade
- Consumer spending is slowing as pandemic savings dwindle, credit card defaults rise, and student loan payments resume
- Demand from Chinese consumers is softening due to economic troubles there
- The recent manufacturing boom in the U.S. looks to be cooling off
- Artificial intelligence investments continue to grow rapidly for big tech companies
- Most other businesses are still only experimenting with AI, so bottom line impact is limited
