Recent polling indicates a 10.5% decline in U.S. consumer confidence, raising alarms about future economic growth as spending decreases.
According to a recent poll conducted by the University of Michigan, consumer confidence in the U.S. economy has decreased by 10.5% over the past month. This decline raises concerns among economists regarding the potential implications for economic growth.
In conclusion, the significant drop in U.S. consumer confidence, as reported by the University of Michigan, could negatively impact economic growth. Economists, such as Bill Adams, emphasize that reduced consumer spending is detrimental to the overall economy.
Original Source: www.goshennews.com
