Cautious consumers pose threat to recession-hit global economy
Despite signs of rebound people tend to hold onto cash due to pandemic, survey shows
13 July 2020 - 10:23
London — The coronavirus pandemic is throwing the world into financial insecurity, posing a threat to the recession-hit global economy if it means consumers keep saving rather than spending.
A new YouGov survey across 26 countries shows consumers everywhere are concerned about their jobs and household budgets. They’re also cautious about spending or investing the money they do have...
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