Retail sales growth was flattered in March by higher gasoline prices and the unwinding of temporary factors that had weighed on sales in February. We expect overall consumer spending growth to lag behind incomes growth in the coming years as heavily indebted households deleverage.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services