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Evening Standard
Evening Standard
Business
Josie Clarke

Consumer confidence drops amid ‘ripple of fear’ about Middle East conflict

Expectations for the general economy over the next 12 months have slumped, researchers said (Michael Stephens/PA) - (PA Archive)

Confidence in the general economy has fallen significantly as “a ripple of fear” spreads about the effects of the Middle East conflict, figures show.

GfK’s long-running consumer confidence index dropped two points to minus 21 this month amid expectations of further sharp price rises.

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