Coronavirus Watch: Contrasting retail fortunes | Global

The latest data show that retail spending growth in the US and UK is
slowing but remains a relative bright spot for both economies in contrast to
China. There, retail spending growth is lagging behind other sectors.

What you will learn:

  • While advanced economies have sought to limit the hit to households’ incomes during lockdown, China has sought to boost output via government investment and more lending to
  • But another reason for the difference is that China’s manufacturers and exporters have benefitted from resilient demand.
  • While these circumstances helped to ensure a fast initial rebound in Chinese activity, some factors are likely to prove temporary, suggesting that China may face a more challenging environment in 2021.

Topics: United States, China, Manufacturing, Global, United Kingdom, Household wealth, Global economy, Coronavirus, Market Highlights

Coronavirus Watch Contrasting retail fortunes - iPad