economics
The Great Pause: How American Consumers, Firms, and Policymakers Are Re‑Engineering the Economy in a Recession
The Great Pause: How American Consumers, Firms, and Policymakers Are Re-Engineering the Economy in a Recession American households are cutting discretionary spending by an average of 5% each month, firms are trimming inventories, and policymakers are deploying targeted stimulus - all converging to reshape the economy during the current recession.