Is your debt dragging the economy down?

One of the biggest factors behind the economic growth falling to a six-year low is the sharp deceleration in private consumption, which had been one of the biggest drivers of growth (government spending, investment and exports are the other three) over the past few years. Private consumption grew just 3.1% (year-on-year) from April to June, down from 7% in the previous quarter (on a quarter-on-quarter basis, it contracted 6.7%).

from Times of India https://ift.tt/34znKSh