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ABC News
ABC News
Business
business reporter Michael Janda

MYSTERIOUS: Consumer confidence plunges below gfc lows and christmas cut backs planned - You Need To See This

Consumer confidence has plunged below the levels seen during the global financial crisis, causing a record number of households to slash their Christmas spending plans.

The widely watched Westpac-Melbourne Institute Consumer Sentiment Index dropped 6.9 per cent in November, and is now only just above COVID-19 pandemic lows.

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