bullish

UK: Consumers Drown Their Sorrows

475 Views20 May 2022 19:08
The bleak retail performance of the previous two months surprisingly reversed as sales surged by 1.4%. Demand for booze dominated falling non-food store sales. Q2 GDP seems only slightly less weak.
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Phil Rush
Chief Economist
Heteronomics
United KingdomMulti-AssetMacroeconomicsCross Asset Strategy
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