Consumer spending remains uncertain amid COVID-19
July 7, 2020 By Will Robinson Filed Under: COVID-19, News
State University economist said it will take time for consumer spending habits
to return to normal in the wake of COVID-19.
tells Brownfield reopening businesses doesn’t mean consumer spending will necessarily
doesn’t make any difference if people won’t show up in them,” Weiler said.
Weiler is also the director of CSU’s Regional Economic Development Institute. He said consumer confidence will have to be restored before spending loosens back up and that is no small task.
people feel secure, and that will take a vaccine and then some, I think that
people will hold onto their wallets much more tightly,” Weiler said.
Weiler said it’s hard for economists to predict coming market trends because of how unprecedented COVID-19 is.
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