Photo: economictimes.indiatimes.com
US Consumer Confidence Plummets to Lowest Point in Over Three Years
US consumer confidence has sharply declined to its lowest level since mid-2022, driven by concerns over the ongoing Government shutdowns in the United States and persistent Inflation.
- The University of Michigan survey revealed that consumer sentiment fell in November, marking the lowest point in over three years amid economic uncertainties.
- Concerns surrounding Government shutdowns in the United States have intensified household worries, exacerbating fears about job security and economic stability.
- As inflation continues to impact purchasing power, consumers are increasingly pessimistic about the future, reflecting a significant shift in economic outlook.
Por Qué Es Relevante
This decline in consumer confidence could signal a slowdown in economic growth, affecting spending and investment decisions. With ongoing Government shutdowns in the United States and persistent Inflation, the repercussions may extend beyond individual households, influencing broader economic trends.