Household sentiment steady as ECB holds

23 January 2020

 

EU consumer confidence plunged during the GFC and again in 2011/12 during the European debt crisis. Since early 2014, it has been at average or above-average levels, rising to a cyclical peak at the beginning of 2018.  However, it dropped back significantly in late 2018 at about the same time as doubts emerged over the US economy’s robustness. Since then, it has remained in a fairly narrow range.  The January...

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