United Kingdom Consumer & Retail Q1 2021
We forecast household spending in the United Kingdom (UK) to return to growth in 2021, after the Covid-19 pandemicled to a contraction in consumer spending in 2020. In the UK, improving economic growth in 2021 along with ongoing governmentstimulus measures will feed through into better employment figures, which will help support household disposable incomes. Assuch, we forecast that household spending in the country will grow by a real rate of 5.6% y-o-y over 2021, a significant improvementfrom the -12.4% y-o-y contraction in 2020.
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