Pent-Up Demand in Key Sectors to Bolster Economy
The recession curbed consumption across the board, but with a recovering economy, consumers are ready to spend againBy IBISWorld Analysts Natalie Everett and Eben Jose The United States suffered through one of the longest recessions in the country’s history during the past five years. The collapse of the housing market crippled a financial system that had bet heavily on the notion that housing prices would never decline. Credit became scarce almost immediately after the crisis began, forcing many companies to go bankrupt or face significant layoffs. As a result, the US unemployment rate