Consumers Expect Recession: Conference Board's Peterson

The video discusses recent economic trends, highlighting a decline from 3.2% growth to 1.5-2% in recent months. January saw strong consumer spending, but February and March were weak. Business and residential investments are shrinking, with trade and inventories being unpredictable. Domestic final sales are not yet in recession, but negative readings are expected in the second quarter. Consumer confidence is fluctuating, with expectations of a recession persisting for over a year. CEOs also anticipate a short, shallow recession.

What was the economic performance in January compared to February and March?

• January was weaker than February and March.

• January was stronger than February and March.

• All three months had similar performance.

• February and March were stronger than January.

What are the unpredictable factors affecting the economy mentioned in the first section?

• Trade and inventories

• Consumer spending and business investment

• Residential investment and consumer confidence

• Government spending and exports

What is the expected economic trend for the second quarter according to the second section?

• Positive growth in consumer spending

• Increase in residential investment

• Negative readings in consumer spending and investments

• Stable business investment

How has consumer confidence been described in the final section?

• Constantly increasing

• Rapidly improving

• Stable and unchanging

• Fluctuating but generally declining

What is the general expectation about the recession according to consumers and CEOs?

• It will be long and deep.

• It will not happen at all.

• It will be short and not very deep.

• It will be severe and prolonged.