Steep dents in consumer optimism are to be expected with such severe and widespread economic pain
The coronavirus pandemic is finally starting to take a toll on one of the economy's most important strengths under President Donald Trump: consumer confidence.
The decline was not as bad as some economists were expecting — consumers were surveyed between March 1 and March 18 — but with more than 3 million people joining the unemployment ranks in just one week this month, that number is sure to drop much further. That confidence could be difficult to recover, depending on the effectiveness of the relief measures pursued by Congress and the administration, economists say.
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