
Bigger Tax Refund Season Could Boost Consumption: Watt
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UBS US Economist Abigail Watt highlights potential positive impacts on consumption due to a larger tax refund season. She notes that fiscal policy is a significant driver of growth optimism this year, suggesting that inflation data may face upside risks. Watt's insights were shared during an interview on Bloomberg's 'Bloomberg Brief.'
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The discussion comes at a time when economists are closely monitoring the effects of fiscal measures on the economy, particularly in light of recent inflation trends. With tax season approaching, the potential for increased consumer spending could play a crucial role in shaping economic forecasts for the year.
This article reflects the opinions of Abigail Watt and does not necessarily represent the views of UBS or Bloomberg.
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