University of Michigan: Coronavirus Recession - How Deep and How Long?
March 28, 2020
March 28, 2020
ANN ARBOR, Michigan, March 28 -- The University of Michigan issued the following news release:
Consumer sentiment tumbled 11.9 index points in March, the fourth-largest one-month decline in nearly a half century, according to the University of Michigan Surveys of Consumers.
The steepest monthly decline was barely larger at -12.7 index points in response to the deepening recession in late 2008. The March survey also indicated that further declines are likely in the month . . .
Consumer sentiment tumbled 11.9 index points in March, the fourth-largest one-month decline in nearly a half century, according to the University of Michigan Surveys of Consumers.
The steepest monthly decline was barely larger at -12.7 index points in response to the deepening recession in late 2008. The March survey also indicated that further declines are likely in the month . . .