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G-7: Consumers' Reluctance to Spend Causing Economic Dilemma

Consumers around the world are holding onto their money, say the finance leaders of the Group of 7 meeting in Japan. There are a number of reasons for consumer apprehension about spending their hard-earned money. Some have limited purchasing power because their budgets are tightly stretched. Others may have little savings or are opting to save rather than spend. Their reluctant spending habits are having a ripple effect around the world. The G-7 finance leaders say...

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