Sunday March 29, 2020

Consumer confidence slumps among middle classes

Consumer confidence has taken a battering since last autumn as the euro zone crisis and the effects of the recession continue to take their toll.

19th February, 2012
2
Shoppers in Grafton Street, Dublin: consumer confidence has fallen since last autumn. Photo: Tony O'Shea

Consumer confidence has taken a battering since last autumn as the euro zone crisis and the effects of the recession continue to take their toll. The hardest hit, and those with the lowest expectations, are those in the "squeezed middle", according to pollster Red C's analysis of the latest figures.

Only one in seven people (14 per cent) now believe that the Irish economy will improve in the next six months, a sharp deterioration from...

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