As economic recovery begins after a period of recession, consumer purchasing power increases but consumers often cautiously restrain their willingness to buy.

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During the initial stages of economic recovery following a recession, while consumer purchasing power may increase due to improvements in employment rates and income levels, consumers often remain cautious about spending due to lingering uncertainties about the stability of the recovery and potential future economic downturns. This cautious behavior can lead to restrained consumer spending even as purchasing power increases.

As Economic Recovery Begins After a Period of Recession, Consumer