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
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