U.S. consumer confidence has seen a significant drop of 10.5% recently, with experts warning that this trend could negatively impact economic growth by reducing consumer spending.
A University of Michigan poll indicates a significant decrease in U.S. consumer confidence, dropping by 10.5% over the last month. This decline could adversely affect economic growth, as suggested by Bill Adams, the chief economist at Comerica Bank. If consumer sentiment continues to weaken, it may lead to reduced spending, which would further exacerbate economic challenges.
The recent decline in U.S. consumer confidence, as highlighted by the University of Michigan poll, poses risks to economic growth. Economists emphasize that diminished spending could have a crippling effect on the economy moving forward.
Original Source: www.goshennews.com
