bearish

UK: Retail Resilience Revealed as Mirage

445 Views24 Jun 2022 19:15
Hawkish hopes of retail resilience were built on sand. High inflation keeps squeezing real incomes and sales. Overdoing rate hikes risks recession, but the housing market canary seems alive and well.
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Phil Rush
Chief Economist
Heteronomics
United KingdomMulti-AssetMacroeconomicsCross Asset Strategy
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