Hi Thanks for sharing the question.
My 2 cents.
The downturn in the economy last year has prompted many companies to make widely publicized layoffs, resulting in thousands of lostjobs.
Economists predicted:layoffs would cause people generally to cut back on their discretionary spending even if their jobs were secure, in anticipation of coming hard times.
(Conc:) this prediction has not come to pass,
(Why?) ince there has been no increase in the amount of money set aside by the general public
...
My 2 cents.
The downturn in the economy last year has prompted many companies to make widely publicized layoffs, resulting in thousands of lostjobs.
Economists predicted:layoffs would cause people generally to cut back on their discretionary spending even if their jobs were secure, in anticipation of coming hard times.
(Conc:) this prediction has not come to pass,
(Why?) ince there has been no increase in the amount of money set aside by the general public
...
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