How Asia Copes with America’s Zombie Consumers
A post-crisis generation of “zombie consumers” in the United States is likely to hobble growth in global consumption for years to come. Asia now has no choice but to turn inward and draw support from its own 3.5 billion consumers.
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NEW HAVEN – Asia needs a new consumer. A post-crisis generation of “zombie consumers” in the United States is likely to hobble growth in global consumption for years to come. And that means that export-led developing Asia now has no choice but to turn inward and rely on its own 3.5 billion consumers.