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Consumer confidence edges up as triple-dip recession fears recede

Publié par Clifford Armion le 31/05/2013

Larry Elliott

Consumers are becoming less gloomy about the economy and the state of their own finances amid signs that the outlook for growth has started to improve.
The monthly survey from the polling group GfK recorded a five-point jump in its confidence barometer in May, continuing its upward trend since the turn of the year.
Consumer incomes remain under pressure at a time when prices are rising more rapidly than earnings, but the past month saw fears of a triple-dip recession dispelled by the release of Office for National Statistics (ONS) figures showing the economy had grown by 0.3% in the first quarter of 2013.
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"Consumer confidence edges up as triple-dip recession fears recede", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), mai 2013. Consulté le 26/09/2020. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/consumer-confidence-edges-up-as-triple-dip-recession-fears-recede