Increase in Cash-Strapped Consumers Dims Hopes for Economic Recovery (Nielsen)

Intro: Key findings from the third quarter Nielsen Global Consumer Confidence Index report that consumers find a full economic recovery in 2010 to be highly unlikely:

  • Consumer confidence declined in 19 of 53 global markets.
  • One in four North Americans and one in five Europeans have no discretionary income.
  • Rising food prices are a top concern for one in four Asians.
  • Increasing utility prices are Europeans’ biggest concern.
  • Recovery is back on track in North-West Europe, while the recessionary mindset lives on in Southern Europe.
  • Nine of the top 10 most confident nations hail from the Asia Pacific region.

My take: interesting to see that Asia-Pacific and BRIC countries are very confident


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