United States Consumer & Retail Q4 2018
2018 will be another strong year for the US consumer, supported by a tight labour market, high consumer confidencelevels and robust economic growth. However, we believe higher inflation and interest rates combined with rising trade war risks willmean retail sales and consumption growth will lose momentum from 2019 onwards. We forecast private consumption to rise by3.0% in 2018 before cooling to 2.2% in 2019 and 2.1% in 2020.
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