Consumer spending growth will slow in 2024, economist predicts — it’s ‘not…

watch now VIDEO 3:17 03:17 We've seen 18% year-over-year volume growth driven by e-commerce, says Payoneer CEO John Caplan Closing Bell: Overtime Consumer spending remained remarkably resilient throughout 2023, even in the face of prolonged inflation and high interest rates . But that's unlikely to continue, according to Jack Kleinhenz, chief economist at the National Retail Federation. "A year ago, many commentators were skeptical and calling for a recession, but the recession never came. With each passing month, consumers kept spending despite inflation and higher borrowing costs." "Nonetheless, those tailwinds are not…