In the News
Recession Watch - UK Consumer Confidence Collapses
5th August 2022
There has been a sharp fall in consumer confidence which is now lower than it was in the early stages of the Global Financial Crisis in 2007-08.
Consumer confidence data is seen as a reliable lead indicator of turning points in economic cycles.
A reading of -30 or worse has presaged a recession in four out of the last five occasions when the economy fell into a downturn.
Confidence is now lower than it was ahead of the recession caused by the global financial crisis in early 2008.
- Economics
- Blog
- In the News
- Consumer confidence
- Animal Spirits
- Recession
- Keynesian Economics
- UK Economy
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
You might also like
Fiscal Policy - Bond Yields
Study Notes
Should we take Corbynomics seriously?
20th August 2015
UK Trade in Goods Deficit reaches new record in 2015
9th February 2016
6 Strategies to Improve Living Standards
Topic Videos
How BAE is tackling the productivity gap
4th December 2016
Labour Migration and the UK Economy (Labour Markets)
Topic Videos
Fiscal Policy in the UK - Key Facts in 2018
Topic Videos
Sunak's Plan for Jobs
8th July 2020