The U.S. will hang on to its title as the biggest retail market in the world despite COVID-19, thanks to a boost from government stimulus and consumer spending from the comfort of home, according to eMarketer .
U.S. retail sales are now poised to grow 0.8% for the year, reaching $5.506 trillion, up from a previous forecast for a 10.5% decline. That represents $612.20 billion in sales eMarketer experts hadn’t anticipated in April.
China’s retail market is now forecast to fall by 2.9%, compared wi…

 

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