How Widespread Is the Impact of the COVID-19 Outbreak on Consumer Expectations?

Armantier, Olivier; Koşar, Gizem; Pomerantz, Rachel; Skandalis, Daphne; Smith, Kyle; Topa, Giorgio; Van der Klaauw, Wilbert

Discussion Paper

How Widespread Is the Impact of the COVID-19 Outbreak on Consumer Expectations?

Abstract: In a recent blog post, we showed that consumer expectations worsened sharply through March, as the COVID-19 epidemic spread and affected a growing part of the U.S. population. In this post, we document how much of this deterioration can be directly attributed to the coronavirus outbreak. We then explore how the effect of the outbreak has varied over time and across demographic groups.

Keywords: Survey of Consumer Expectations (SCE); Survey of Consumer Expectations; COVID-19;

JEL Classification: J01; D14;