Consumer confidence shaken by fears of Iran war

A group of concerned shoppers examines products in a nearly empty retail store, reflecting the impact of rising tensions and consumer confidence on spending habits.

According to a survey conducted by the Conference Board in early October 2023, consumer confidence dropped to its lowest level in over a year, with 62% of respondents expressing concerns about the potential for war affecting the economy. The geopolitical landscape is further complicated by Iran’s nuclear ambitions and its support for proxy groups in … Read more