Global Consumption—Sidelined Firepower Ready to Spark?

Elevated savings rates suggest consumers are flush with cash. Will this spending power ignite growth in the global economy? International research analyst Chris Piel shares his perspectives on the state of the global consumer in the post-pandemic world. As of May 31, 2021, Diamond Hill owned shares of Compass Group PLC, Fomento Economico Mexicano SAB de CV and InterContinental Hotels Group PLC. The views expressed are those of the speakers as of July 2021 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice.