With retail sales volumes in November likely to have remained a little below their pre-pandemic level and 4.0% below their level at the start of the year, for retailers the recession is well underway. The football World Cup may provide some respite, but probably won't prevent this quarter from being the worst Q4 (barring 2020) for the consumer sector since 2008.
We will be discussing the decisions of the BoE, the Fed and the ECB in a Drop In on Thursday 15th December at 3pm GMT. (Register here.)
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