The plunge in consumer sentiment to a record low in April lends some support to our forecast that real consumption growth will be weak this quarter, even if the link between sentiment and spending has been very loose in recent years. The positive news is that, for now at least, the rebound in inflation expectations has been modest by post-pandemic standards.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services