The State of the Economy for January 2025

Consumer confidence is down for the second month in a row, with assessments of the present situation, current labor market conditions and business conditions all having deteriorated. Pessimism over future employment prospects seen in December continued into January, according to the latestConsumer Confidence Index® from The Conference Board, but the overall index remained in the same narrow range it has since 2022.    Join Erik Lundh, Senior Global Economist,and Stephanie Guichard, Senior Economist of Global Indicators, both at The Conference Board, for their full conversation abouthow consumer sentiment could weigh on US economic growth and the global economy in 2025.    (00:32) Consumer Confidence Index Overview (01:37) Detailed Analysis of January's Consumer Confidence (05:00) Inflation and Consumer Expectations (06:00) Positive Insights from the Survey (11:02) Consumer Spending and Buying Plans (16:08) Global Economic Outlook (16:36) US Economic Forecast (19:20) European Economic Conditions (20:03) Emerging Markets Focus: India and China (21:21) Risks and Final Thoughts   For more from The Conference Board:  US Consumer Confidence Retreated in January  Download the full Consumer Confidence Survey Report