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31 Mar. 2020 | Comments (0)
The Conference Board Consumer Confidence Index fell sharply in March 2020, led by a nearly 20-point decline in the Expectations Index—among the largest one-month drops ever.
Lynn Franco, Senior Director of Economic Indicators, explains how the rapid intensification of COVID-19 has fueled widespread uncertainty on the economy and jobs, and why March’s numbers are in line with a severe contraction—rather a temporary shock—and further declines are sure to follow.