Only consumption is lagging.

As inequality rises, consumption rates generally drop and savings rates generally rise.

There are other instruments available for increasing domestic saving and reducing consumption besides the fiscal balance.

And consumption needs to be underpinned by high employment at adequate wages.

As a result, consumption weakened, unsteady employment grew, and unemployment stopped declining.

Consumption rates approach 22.5 million gallons (85.2 million liters) per day without the restrictions.

Second, the decline in US consumption should also be partly offset by a rise in US investment.

Within this second transition, higher oil prices mean consumption by oil producers has to increase while that of oil consumers has to fall.

Today, capital in the developed world is abundant the saving ratio declines as people consume more and production shifts increasingly to services, where productivity gains are limited.

Indeed, top oil producers are joining the top oil consumers with annual oil consumption growth rates above 5 .

Absent the willingness of large developing countries to run trade surpluses and high savings rates relative to investment, the asset bubble in the US leading to a rise in domestic consumption and a fall in the savings rate would have triggered inflation and higher interest rates.

Households will gradually save enough to restore their wealth, and household consumption will gradually recover as well.

Fiscal weakness, a resetting of real estate values, and lower consumption all point to the potential for long term structural unemployment.

Apart from demographics, which change slowly, three factors largely explain differences in national consumption rates.

If concerted efforts are taken to balance budgets, confidence will be bolstered. And if confidence is bolstered, consumption and investment will rise.

Japan s government has a huge debt burden, and its consumption tax rate is far lower than the value added tax rates that prevail in Europe.

Indeed, with domestic oil consumption growing at a higher rate than production, government revenues from oil exports are already in decline.

Consumption

Israel's total water consumption had not increased during the past 15 to 20 years, despite the fact that the population had doubled per capita water consumption in Israel was one of the lowest in the Middle East.

Employment rose by 11 , and blue collar workers wages increased by 24 , fueling a more than 30 surge in private consumption.

In South Africa, the number of seized meth laboratories has consistently gone up for the past five years, while domestic consumption has increased.

The World Health Organization has begun a program known as the Tobacco Free Initiative (TFI) in order to reduce rates of consumption in the developing world.

Bertrand and Morse find that in the years before the crisis, in areas (usually states) where consumption was high among households in the top fifth of the income distribution, household consumption was high at lower income levels as well.

Consumption

The problem is that what really ails the German economy is low domestic consumption and investment, which still need to be addressed.

It is not necessarily bad for Asia s traditionally high savings rates to fall after all, consumption typically rises with an aging population.

Lower interest rates can thus lead to lower consumption in surplus countries, thereby increasing the supply of loanable funds.

As it is, deficient consumption and stubbornly high unemployment are likely to be with Americans for some time.

While the rest of the world struggles to raise savings, China, with a savings rate in excess of 40 , struggles to get its people to consume more.

This would require politically difficult shifts in consumption and investment, with America increasing its savings and China increasing domestic consumption.

In countries like the United States, where households keep a large share of what they produce, consumption rates tend to be high relative to GDP.

Since 2001, the economic and social policies of my Government have created the conditions for sustained and decentralized growth, with positive results reflected in increased rates of consumption and income.

The consumption discount rate should account for the possibility that, as consumption grows, the marginal unit of consumption may be considered to have less social value.

as a treatment against consumption.

And the rest of the world? A global savings glut would suggest that rebalancing the world economy requires policies to boost America s savings rate and to increase non US households consumption.

In fact, many emerging markets experienced declines in investment rates. Nor, on balance, has liberalization of capital flows stabilized consumption.

Above all, every developed economy pursued policies designed to provide high wages, which would guarantee high consumption and thus rapid growth.

In 2007, Canadian per capita power consumption was among the highest in the world, with an average of 16,995 kWh per annum.

Rachel Botsman The case for collaborative consumption

Catalyzing Consumption and Balancing Growth

Sustainable consumption and tourism

I call this groundswell collaborative consumption.

As investment growth slows and export markets endure their unpredictable business cycles and protectionist moods, China will increasingly rely upon consumption for creation of jobs and income and the service industry is where most consumption occurs.

The Great Depression, which followed the stock market crash of 1929, saw unemployment rise sharply in many countries, accompanied by severe deflation. In the US, consumer prices fell 27 between 1929 and 1933, and the unemployment rate topped out in 1933 at 23 .

Consumption is being spurred by record low unemployment rates, below 7 , and by credit growth, which has doubled, from 22 to 45 of GDP, between 2002 and 2010.