Quoted By:
>The euro zone's economic recovery may have been held back by households' "misperception" of inflation and income, which has made them reluctant to spend, European Central Bank board member Isabel Schnabel said on Thursday.
>Policymakers and economists have long been puzzled by how little of their income euro zone consumers are prepared to spend, even as inflation in the 20-country bloc slows and salaries catch up with past price hikes.
>"Over the past three years, real private consumption has increased more slowly than real disposable income," Schnabel said during a lecture on financial literacy in London. "This can be partly explained by household misperceptions of their real income developments."
So you can just say whatever sounds good in economics huh?
