COVID-hit states behind lower US consumer confidence

28 July 2020

 

Summary: US consumer confidence retreats; view of present conditions improve but future conditions worsen; states with high infection rates experience large declines; “does not bode well” for recovery.    US consumer confidence collapsed in late 2007 as the US housing bubble burst and the US economy went into recession. By 2016, it had clawed its way back to neutral and then went from strength to strength until late 2018. Measures...

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