US consumer sentiment plunges; “longer, deeper recession” expected

09 April 2020

 

US consumer confidence started 2019 at well-above-average levels in a longer-term context, although readings were markedly lower than those which had been typical of most of the previous year. During the rest of 2019, US households maintained historically-high levels of confidence except for two short-lived dives. 2020 started reasonably well but the remainder of the year is expected to be quite different. The latest survey conducted by the University of...

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