IHS Global Insight Economists See 2017 Growth But Question Impact of ‘Animal Spirits’ on Economy (Photo by Justin Sullivan/Getty Images)

IHS Global Insight Economists See 2017 Growth But Question Impact of ‘Animal Spirits’ on Economy

The term “animal spirits” was first used by John Maynard Keynes to explain investment behavior. Its meaning has since been expanded to describe consumer and business behavior, which can better be understood in light of “soft” indicators (e.g., sentiment and confidence), compared to “hard” indicators (e.g., income, profits, interest rates, etc.).

In the wake of the recent U.S. presidential election, there has been a noticeable unleashing of animal

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