Global Economics

Global Economics Update

20 April, 2017

High consumer confidence bodes well for the world economy

Consumer confidence has risen in recent months in much of the developed world. This bodes well for household spending and global growth prospects.

Consumer confidence indices are usually composites of a variety of sub-indices derived from responses to monthly surveys. These include questions about households’ perceptions of current, past and future business and employment conditions, as well as the state of their own personal finances.

The level of consumer confidence is now consistent with

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