Consumer confidence has hit a five-year low with the majority of people expecting a recession before the end of the year, according to a poll.
Fears about the health of the global economy and Brexit are hanging over consumers. About 75 per cent believe that a recession or a deeper depression is imminent, according to the poll by YouGov and the Centre for Economics and Business Research.
By contrast, just 24 per cent of respondents said that the economy would grow and only 1 per cent said it would be booming.
Consumer confidence has hit a five-year low with the majority of people expecting a recession before the end of the year, according to a poll.
Fears about the health of the global economy and Brexit are hanging over consumers. About 75 per cent believe that a recession or a deeper depression is imminent, according to the poll by YouGov and the Centre for Economics and Business Research.
By contrast, just 24 per cent of respondents said that the economy would grow and only 1 per cent said it would be booming.
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