Carl Riccadonna, Chief Economist, US Andrew Schneider, Senior Economist, US  Yelena Shulyatyeva, Senior Economist, US Andrew Husby, Senior Economist, US  BNP Paribas | Global Markets (Recorded 03 August 2023)  We expect household excess savings – which has bolstered consumer spending over the last eighteen months – be depleted by the end of this year. Watch for more price elastic consumer spending as households become increasingly dependent on paycheck income. For more information, please refer to : https://bnpp.lk/EyODgb  For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf