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University of Michigan: Faculty Commentary With Richard Curtin - Reduced Consumer Spending Will Outlast Coronavirus
March 24, 2020
ANN ARBOR, Michigan, March 24 -- The University of Michigan issued the following news release on March 23:

Richard Curtin is director of the University of Michigan's Surveys of Consumers, which conducts national monthly surveys of consumer attitudes, expectations and behavior. He discusses below whether consumers are in a panic, a question he says he has been asked repeatedly in recent days.

Here's his response:

The latest data from the University . . .

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