Global consumer confidence fell at a record pace between April and June because of the Covid-19 pandemic according to the Conference Board. Its consumer attitudes index plunged from a solid optimistic 106 at the beginning of the year to a pessimistic 92 (anything above 100 is considered positive). The market research company’s online poll of 33,000 consumers in 68 countries also pointed to a slow recovery in sight. Confidence in key markets including the U.S. and much of Europe was expected to “remain depressed for a sustained period” because of rising counts of infection cases, uncertainty about jobs and income, and lack of trust in the governments’ ability to control the pandemic, the survey concluded. As a result a rising share of respondents say they plan to cut down on meals out and vacations, and more than 20 percent plan to reduce spending on clothes and out-of-home entertainment on a long-term basis. Among the major economies, only Germany, China, South Korea and Australia were expected to see confidence “rebound fairly quickly”, the study stated.