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CEBR’s Davis: we are at the peak of the cycle
by Elsa Buchanan on May 23, 2014 at 15:54
‘It has taken a really long time for that discretionary spending to recover at all. Consumers were far more cautious and careful about what they were doing [and] are far less willing to take on debt and just go for it with the more gung-ho approach that we saw pre-crisis.
‘No doubt it has been a very long and arduous recovery but we are now finally getting up to that better territory, because we are in a more benign economic environment.’
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