Economic confidence slumped in October, partially undoing the climb in confidence seen in the previous three months, the most recent Gallup poll shows.
Gallup’s economic confidence index fell to a reading of minus 45, the lowest since July. A month earlier it rose to minus 39, the third straight month of gains.Prior to the pandemic, the economic confidence index stood at positive 41 in February 2020. It promptly plunged to minus 32 in April. The index briefly moved into low single-digit positive territory in the spring of 2021, only to fall again because of inflation concerns.
The latest slide likely reflects fears of a recession next year. The government said inflation declined in October to an annual rate of 7.7 percent.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China: Inflation loses traction in October – UOBEconomist at UOB Group Ho Woei Chen reviews the latest inflation figures in the Chinese economy. Key Takeaways “Headline CPI inflation eased to just 2
Read more »
NY Fed: Inflation expectations jump in October on gasoline cost fearsAmericans are bracing for higher levels of inflation over the next few years amid a major jump in the expected price of gasoline, a report Monday from the Federal Reserve Bank of New York said.
Read more »
The best movies on HBO right now (October 2022) | Digital TrendsThe King of Rock and Roll gets a top notch music biopic in Elvis, as Airplane! and more join the best movies on HBO right now.
Read more »
Elgin police union votes no confidence in top copUnion members of the Elgin Police Benevolent & Protective Association Unit 54 completed a formal 'Vote of No Confidence' in Elgin's top cop Chief Ana Lalley last week.
Read more »
Elgin cops issue no-confidence vote in police chief, saying she’s created a ‘toxic work environment’Members of Elgin Police Benevolent & Protective Association Unit 54 have taken a no-confidence vote against Police Chief Ana Lalley, criticizing leadership that they say has created a 'toxic work environment.'
Read more »