Consumers are growing increasingly pessimistic about the ability of the economy to fully bounce back from the recession.
According to the Consumer Intentions & Actions Survey released by BIGresearch, the share of adults who expect the economy to “ever rebound to what it was before the current economic crisis” fell to 40.8 percent in January from 44.6 percent in July and 49.7 percent last March. Meanwhile, the percentage of those with a negative response to the question rose to 30.3 percent in January from 26 percent in July and just 21.9 percent last March.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"