The global economy has taken a hit this year, with rampant inflation causing soaring prices at the pump and in stores, elevating mortgage rates, slowing growth and more. One bright spot has been continued consumer spending. But, like Atlas carrying the weight of the world on his shoulders, how much longer can consumers sustain this spending spree and provide fuel to the economy?
In episode 46 of The Flip Side, Global Chairman of Research Ajay Rajadhyaksha and Head of Economics Research Christian Keller debate whether consumers are pulling back on spending, examining factors such as household savings rates, unemployment figures, and the link between consumer confidence and spending.
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This podcast series features lively debates between Barclays’ Research analysts on important topics facing economies and businesses around the globe.
About the analysts
Ajay Rajadhyaksha is Global Chairman of Research at Barclays, based in New York. He drives the global macro research and strategy effort including economics, rates, FX, commodities, emerging markets, and asset allocation. Since joining Barclays in 2005, Ajay has held various positions, including Head of Macro Research, Co-Head of FICC Research and, before that, Head of US Fixed Income Research and US and European Securitised Research.
Christian Keller is Head of Economics Research at Barclays, leading a global team covering both Developed and Emerging Markets. Christian is based in London and joined Barclays in 2007 from the International Monetary Fund (IMF) where he had worked since 1999. Based at the IMF headquarters in Washington D.C., he worked on IMF programs with Emerging Market economies in Europe, Latin America and Asia, and served as the IMF’s Resident Representative in Turkey from 2005-7. Christian graduated with a PhD in Economics from University of Köln, Germany, and holds a joined-MA in Economics and Finance from University of Köln and HEC, Paris.