VTWO - Confidence Sentiment And Recession Risk

• Among the most surprising developments of 2021 was the collapse in consumer confidence and sentiment survey results amidst the strong post-pandemic recovery.
• Confidence peaked in June of last year but is still well above its 2020 recessionary low, as the abundance of job openings and a tight labor market have kept this indicator at a historically strong level. Yet, concerns have started to emerge over how long this economic strength will last.
• Consumer Sentiment has plunged to a level typically only reached during recessions, as inflation is weighing very heavily on how consumers feel about their personal financial situation.

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