If the economy produces jobs at a more rapid rate in the months ahead, these apprehensions of consumers could quickly fade.
More Quotes from Richard Curtin:
Consumers anticipated that higher interest rates will ultimately slow the overall pace of economic growth.Richard Curtin
The loss in people's sense of personal security was linked to the decline in consumer confidence. Unlike other assessments of economic risks, these fears represent a significant threat to the usual functioning of the economy.
Richard Curtin
Consumer spending will weaken in the months ahead.
Richard Curtin
Consumers have become increasingly pessimistic about their future income and job prospects, and as a result will continue to slow the pace of their spending during months ahead.
Richard Curtin
Anxiety about the war and terrorism is still a factor. There is greater anxiety about energy prices and the possibility of having a colder-than-normal winter.
Richard Curtin
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