Global Consumer Confidence Suffers Record Drop in Q2
Deteriorating job prospects and rising anxieties about personal finances drove a record drop in global consumer confidence in the second quarter of 2020, according to The Conference Board Global Consumer Confidence Survey.
Conducted in collaboration with Nielsen, the survey found that overall global consumer confidence fell to 92 in the second quarter from a near-historic high of 106 early in the first quarter, before the pandemic significantly expanded beyond China. A reading below 100 is considered negative, indicating that consumers were slightly more pessimistic than optimistic globally for the first time since...
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