No question about it the recession hurts. But women will heal faster from the economic turmoil than men, according to a Bank of America research note.
That’s because women’s earnings are expected to recover more quickly than men’s, said Ethan Harris, head of Developed Markets Economics, and Neil Dutta, U.S. economist. With women controlling the walletshare of most households, a recovery in consumer spending, which makes up about 70% of GDP, will depend on women.
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