United States' economy, the largest in terms of total GDP measures by
purchasing power parity, suffered an economic recession during 2008-2009 like much of
the world. However, consumer spending in the US has not been robust enough for
a strong recovery. Consumers do not have the resources to spend, even with low
interest rates, economic bailouts, and tax cuts. However, consumers spent more
in July 2012 than previous months, leading to a hopeful yet reserved outlook
for the rest of the year.
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