Emeritus Prof Christopher May on Nostr: If you think consumer sentiment (confidence) is a good indicator of the general state ...

If you think consumer sentiment (confidence) is a good indicator of the general state of the economy, you'll (perhaps) be unsurprised that across the EU and in UK & USA, such sentiment has yet to return to pre-pandemic levels.

Given the continuing cost of living crises, high(er) interest rates & a range of issues from conflicts to climate change, its perhaps more surprising sentiment has not declined more.

But, if capitalism is a system built on confidence about the future....

#economics