Let’s take a quick look at the latest trend for retail sales:
What we’ve been seeing lately is a moderation in growth. Retail sales have been elevated for so long since the pandemic that it’s hard to imagine there won’t be some kind of slowdown.
But, a slowdown in consumer spending is a slowdown in the economy. And, things have already been weak. So, there is a precarious situation where things could get even weaker from here on out.
We’ll have to see if that decline comes to fruition in the coming months or if consumers can save the economy!