“…Economic expectations are expectations of future financial and economic prospects that shape consumer confidence and psychological wellbeing (Evans and Honkapohja, 2001;Kahle, Shoham, Rose, Smith, and Batra, 2003;Nadeau, Niemi, and Amato, 2000). It has been shown that economic expectations, represented by indicators such as the stock index and consumer confidence, strongly correlate with expectations regarding the quality of products and services (Ikeshoji et al, 2003;Ogikubo et al, 2009).…”