Republican consumer sentiment plunges after Trump defeat: survey

Washington (AFP) – Sentiment among Republican consumers plunged this month after US President Donald Trump lost his bid for a second term, according to a survey released Friday.Fears rise that surging Covid-19 cases will worsen the economy also hit the University of Michigan’s consumer sentiment index which fell to 77.0 early this month, a worse-than-expected drop of nearly six percent from October.Consumers’ views of the current situation and expectations for the future also declined, the survey showed.The survey’s chief economist Richard Curtin tied the swing to the November 3 election in wh…

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