The 2020 Mid-Year Economic Update_long

Recession a ‘Self-Fulfilling Prophecy’?


Could a recession in the U.S. be a self-fulfilling prophecy," as some in MDM's recent Reader Survey on the Economy contended? Some in the survey blamed the media, saying talk of a recession was overblown; one said: "Talk like this feeds on itself."
 
Some other comments indicated belief that consumer confidence and business spending is heavily influenced by media reports, and that customers have become "afraid" to spend money.
 
How do you view the role of the media in economic slowdowns? What are you seeing in your business?
 
Comment below in the box under "Write Your ...

Could a recession in the U.S. be a self-fulfilling prophecy,” as some in MDM’s recent Reader Survey on the Economy contended? Some in the survey blamed the media, saying talk of a recession was overblown; one said: “Talk like this feeds on itself.”
 
Some other comments indicated belief that consumer confidence and business spending is heavily influenced by media reports, and that customers have become “afraid” to spend money.
 
How do you view the role of the media in economic slowdowns? What are you seeing in your business?
 
Comment below in the box under “Write Your Comments.”

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