The strong rise in retail sales in February to their highest level since September 2019 supports our view that the economy just about avoided a contraction in Q1. And while the unemployment rate was unchanged in February, it should edge down this year as employment recovers back to pre-virus levels.
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