Retail Spending Optimism

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US Retail Spending Set to Boom?

By Blu Putnam, Chief Economist
Erik Norland, Senior Economist
CME Group

Restaurants, Air Travel Could Get a Boost

  • ​​​​Pandemic caused shift in consumer spending  from services to goods.
  • Consumer spending could pick up amid vaccines, stimulus checks.
  • Restaurants could have a banner year, air travel is already rising.
  • US growth in Q1 2021 could be robust, and even better in Q2.
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