Economic contraction, unemployment behind US confidence dive

28 April 2020

 

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 of consumer confidence then oscillated within a fairly narrow band at historically high levels until March 2020. The latest Conference Board survey held during the first half of April...

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