Economy - Friday
(Investor's Business Daily)
Investor's Business Daily - The world's largest economy will grow by less than a percent this year due to falling consumer sentiment, according to the Reuters/University of Michigan Surveys of Consumers. The U. Mich. confidence gauge hit a 26-year low in April. Consumers tend to believe the economy is in a recession when growth is near zero, said Richard Curtin, director of the survey. But economists are rethinking their recession forecasts in the face of resilient U.S. data.
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