28 min listen
Fear of Job Losses Drives Down Consumer Confidence in Q2
FromIndications
ratings:
Length:
12 minutes
Released:
Aug 18, 2020
Format:
Podcast episode
Description
Margaret Murphy, Digital Media Programme Manager at the Conference Board, interviews our resident Senior Economist for Europe, Ilaria Maselli about the consumer confidence results in Europe for Q2. In 2020 Q2, European consumer confidence saw its largest quarterly decline in the history of the series, driven by near record pessimism about job prospects over the next 12 months. On the whole, 74 percent of European consumers indicated that job prospects were “not so good” or “bad” in 2020 Q2 compared to 56 percent in Q1. Three factors will determine a possible recovery in confidence: the evolution of the pandemic, the end of the furlough schemes that have been supporting jobs and incomes until now, and trust in government initiatives.
Released:
Aug 18, 2020
Format:
Podcast episode
Titles in the series (99)
C-Suite Challenge™ 2020: The View of Risks and Opportunities in 2020: Co-authors Ilaria Maselli, Senior Economist for Europe at the Conference Board and Chuck Mitchell Executive Director, Knowledge Content & Quality at the Conference Board, discuss the findings of our latest C-Suite Challenge report. This report is... by Indications