Falling Stocks Can Ding the Economy
by David Payne, Staff Economist, The Kiplinger Letter
Jan 03, 2019
2 minutes
A stock market drop is painful for investors, but the aftereffects can be a punch in the gut for the economy overall. A key risk to economic growth in 2019 is that a falling stock market could cause people to pull back on spending, which is ominous, considering that consumer spending has powered nearly three-fourths of the growth
You’re reading a preview, subscribe to read more.
Start your free 30 days