In episode two of ‘Your Personal Economist’, Michelle Meyer, Chief Economist at the Mastercard Economics Institute breaks down some of the biggest stories in macroeconomics, including:
- The concept of consumer purchasing power and their ‘basket of spending’
- Recovery of the global supply chain since Covid
- Why the US economy continues to outperform expectations due to labor force and productivity growth
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Consumer purchasing power is extremely personal. It can vary widely by individual choices, regardless of the macro landscape.
Michelle Meyer Chief Economist and Head of the Mastercard Economics Institute