"G7 consumption growth: Implications for recovery and global imbalances" - Ashoka Mody and Franziska Ohnsorge

"Just how important is consumption for growth? This column suggests that consumption trends in the G7 economies have significant short-term and long-term implications for global growth and global imbalances. For sustained rebalancing of the global economy, however, investment behaviour may be more important."

Vox , Link