Economist Offers Multichannel Retailers Recession Insights, Post-Recession Action Plan

Any kind of recovery from this no-growth environment, Steidtmann said, won’t be driven by consumer spending, but by increases in business coming back to the U.S., increases in exports to the rest of the world, investments and government spending. “We’ll see a dramatic increase in the role of government spending,” he noted, “to a degree we’ve never seen before.”