Explain The Relationship Between Consumer Expectations And Economic Performance

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Explain The Relationship Between Consumer Expectations And Economic Performance

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Consumer expectations affect economic performance because if consumer confidence is low, then economic performance will be hurt because consumers will invest and spend less. This will affect economic growth and will lead to less current investment, less output, and less future consumption. Those factors are important to the economy's performance and growth. The opposite is true if consumer expectations are high. If consumer confidence is high, then consumers will invest and spend more. This will lead to economic growth and a high economic performance because there will be more current investment, more output, and more future consumption.
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