US consumer confidence plunges to 12-year low
Increasingly bifurcated economy undermines strong GDP and productivity growth
Increasingly bifurcated economy undermines strong GDP and productivity growth

There are limits to extrapolating from last year’s economic resilience

Demand for their work is down as a hiring crunch hits

And more on the sentiment puzzle

Long periods of expansion create fiscal, financial and productivity risks

The statistical blind spot could affect everything from interest rate cuts to investment decisions

Sentiment buoyed by more upbeat view of country’s growth prospects, especially among the young