As the conflict in Iran escalates, the ripple effects are being felt across the globe, with a significant drop in consumer sentiment and retail sales. The worsening cost of living pressures, driven by rising energy prices and inflation, are taking a toll on households, causing many to reassess their spending habits. According to recent data, consumer confidence has plummeted, with shoppers becoming increasingly cautious and hesitant to make non-essential purchases. As a result, retailers are bracing for a potential downturn in sales, which could have far-reaching consequences for the broader economy.
Consumer sentiment and retail sales fall as the war in Iran worsens cost of living pressures
