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 expected growth rate for the month mentioned in the text?

How did consumer spending in January compare to February and March?

What are the wild cards affecting the economic situation according to the text?

What does the overall measure of consumer confidence indicate about expectations for a recession?

What do CEOs believe about the likelihood of a recession?