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Slowdown in Economy Anticipated Amid Rising COVID Risks

July 30, 2021

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5-15 mins
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U-M economist and director of the surveys Richard Curtin discusses the decline in consumer sentiment, falling to the lowest it has been since February. Curtin highlights that the largest declines were regarding the buying conditions for vehicles, homes, and household durables and anticipated that inflation as well as interest rates would remain high throughout the year. The faculty expert further notes slower economic growth with rising prices, commenting on the COVID-19 Delta variant that could potentially impact various industries.

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