Consumers are spending broadly on services this year – which is good news for the travel industry. Nationwide’s Chief Economist Kathy Bostjancic and Senior Economist Ben Ayers provide their outlook on consumer spending, especially in terms of travel and services.
What is the overall state of the consumer?
What’s the outlook on summer travel?
How could a busy travel season delay the start of a potential recession?
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The information provided by Nationwide Economics is general in nature and not intended as investment or economic advice, or a recommendation to buy or sell any security or adopt any investment strategy.
Additionally, it does not take into account any specific investment objectives, tax and financial condition or particular needs of any specific person. The economic and market forecasts reflect our opinion as of the date of this report and are subject to change without notice. These forecasts show a broad range of possible outcomes. Because they are subject to high levels of uncertainty, they will not reflect actual performance. We obtained certain information from sources deemed reliable, but we do not guarantee its accuracy, completeness or fairness.