Moody's: Consumer Spending Won't Lead Economic Revival

Moody's Investors Service said today in its U.S. ABS conference that the economic overview looks great with a forecast for strong growth in 2011.

However Moody's warned that coupled with this increasingly positive outlook on the economy is also the rise in the firm's risk outlook. Scott Hoyt, senior director from Moody's Analytics, said that an increase in gas prices may have  already led to a decline in consumer confidence.