Will the strength of the consumer sector be enough to provide a soft landing for the industrial sector? Or will the decline in business investment gain momentum and ultimately pull the consumer sector down with it. To put it more succinctly, will we have an overall economic recession next year or not?
Consumers are fully employed with rising incomes. They also have relatively low levels of household debt, which has been accrued at low interest rates. And most importantly, they account for over two-thirds of all U.S. economic activity.
It is stating the obvious to say the U.S. plastics industry changed substantially in the past 30 years. But if we want to manage, or even benefit, from future changes, it is necessary to glean an understanding of the lessons from the past.