It is mildly encouraging that consumption in January did not capitulate completely after the recent tax hikes. And while higher taxes and the latest leap in gasoline prices could yet hit sales harder in the next few months, the outlook for consumption in the second half of the year is much better.
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