If consumers become pessimistic the economy is likely to experience?

If consumers become pessimistic, the economy is likely to experience a decline in consumer spending, as people tend to save more and reduce expenditures during uncertain times. This decrease in demand can lead to slower economic growth, lower business revenues, and potential job losses. Additionally, businesses may cut back on investment and hiring, further exacerbating economic challenges. Overall, consumer pessimism can create a negative feedback loop that hinders economic recovery.