Richard Curtin
Richard Curtin
coast due economic economy economy-and-economics expect expected following gas growth gulf improved increases interest lows mainly optimistic overall pace prospects recorded slower strong
Prospects for the economy have improved substantially from the lows recorded following the Gulf Coast hurricanes and the surge in gas prices. Firms still expect a slower overall pace of economic growth during 2006 than in 2005. The expected growth slowdown is mainly due to anticipated increases in interest rates. Firms are much more optimistic about their own prospects in 2006, as they expected strong growth in revenues and profits.
anticipate continued economy economy-and-economics gains overall reported year
TEC firms reported that substantial gains in the overall economy have already occurred. They anticipate continued gains during the year ahead.
consumers economic growth higher interest overall pace rates slow ultimately
Consumers anticipated that higher interest rates will ultimately slow the overall pace of economic growth.
among becomes confidence consumer economic large matter parts personal renewal require restoring safety
Restoring consumer confidence becomes more than just a matter of economic stimulus. A renewal in confidence may also require the restoration of a sense of personal safety among large parts of the population.
consumers economy economy-and-economics jobs months produces quickly rapid rate
If the economy produces jobs at a more rapid rate in the months ahead, these apprehensions of consumers could quickly fade.
although conditions economic expect growth judge overall pace quite slightly slower
Although firms did expect a slightly slower pace of growth, they still judge overall economic conditions quite favorable.
confidence consumer decline economic fears linked loss personal represent security threat unlike usual
The loss in people's sense of personal security was linked to the decline in consumer confidence. Unlike other assessments of economic risks, these fears represent a significant threat to the usual functioning of the economy.
among consumer consumers due fears future global growth job living mounting pose sharp sudden swing threat weak
The sharp and sudden swing in consumer expectations was due to mounting fears among consumers that weak job growth and global job outsourcing may pose a threat to their future living standards.
consumers fewer housing interest last positive prices rates since time views
We have fewer consumers who have positive views of housing prices of any time since 1982 and fewer consumers who have positive views of interest rates of any time since the last recession.
ability consumers create economy gas high living prices standards threat view
Consumers view high gas prices as a threat to their living standards and a threat to the ability of the economy to create new jobs.
happy people price relative stories today
One of the big stories today is that people are so happy with $2 gas. There is nothing better than a relative price decrease.
additional blanket cold declines gas hopes increases prices recent thrown
The recent increases in gas prices have thrown a cold blanket on consumers' hopes for additional declines in gas prices.
consumer months spending
Consumer spending will weaken in the months ahead.
additional anticipate consumers current declines due finances financial gains gas judged likely year
Consumers judged their current finances much more favorably due to declines in gas prices, and were more likely to anticipate additional financial gains during the year ahead.