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Karim Yousfi, chief global strategist at Audacity Capital, said consumers could not be expected to spend Britain out of recession

“Household consumption shrank by 23.1%, by far the largest drop ever recorded. With retail sales volumes falling by just shy of a tenth during the same period, the chances of Britons spending their way out of what is now officially a recession look slim.

https://dailybusinessgroup.co.uk/2020/08/uk-plunges-into-recession-with-biggest-quarterly-slump/

Skills

Posted on

August 12, 2020