Warning: exif_imagetype(https://www.star937fm.com/wp-content/uploads/2020/04/map-of-the-world-2401458_1280.jpg): failed to open stream: Connection refused in /home/deploy/sites/www.star937fm.com/wp-includes/functions.php on line 3314

Warning: file_get_contents(https://www.star937fm.com/wp-content/uploads/2020/04/map-of-the-world-2401458_1280.jpg): failed to open stream: Connection refused in /home/deploy/sites/www.star937fm.com/wp-includes/functions.php on line 3336

Warning: exif_imagetype(https://www.star937fm.com/wp-content/uploads/2020/04/map-of-the-world-2401458_1280.jpg): failed to open stream: Connection refused in /home/deploy/sites/www.star937fm.com/wp-includes/functions.php on line 3314

Warning: file_get_contents(https://www.star937fm.com/wp-content/uploads/2020/04/map-of-the-world-2401458_1280.jpg): failed to open stream: Connection refused in /home/deploy/sites/www.star937fm.com/wp-includes/functions.php on line 3336

Warning: exif_imagetype(https://www.star937fm.com/wp-content/uploads/2020/04/Q2RET0034-1-1.png): failed to open stream: Connection refused in /home/deploy/sites/www.star937fm.com/wp-includes/functions.php on line 3314

Warning: file_get_contents(https://www.star937fm.com/wp-content/uploads/2020/04/Q2RET0034-1-1.png): failed to open stream: Connection refused in /home/deploy/sites/www.star937fm.com/wp-includes/functions.php on line 3336

Warning: exif_imagetype(https://www.star937fm.com/wp-content/uploads/2020/04/Q2RET0034-1-1.png): failed to open stream: Connection refused in /home/deploy/sites/www.star937fm.com/wp-includes/functions.php on line 3314

Warning: file_get_contents(https://www.star937fm.com/wp-content/uploads/2020/04/Q2RET0034-1-1.png): failed to open stream: Connection refused in /home/deploy/sites/www.star937fm.com/wp-includes/functions.php on line 3336

Vip99 BET.RBET yugioh,RBET Slot

News

Global retail spend drops by nearly 550B this year

Apr 28, 2020

The report shows how nearly 3 million cases of coronavirus worldwide and numerous lockdowns impact retail spend

retail spend

Global retail spend drops by nearly 550B this year. Source: pixabay.com

According to GlobalData, retail spend is expected to drop 3.0% in 2020 to $549.7 billion, compared to a pre-COVID-19 forecast of 5.0% with $927.7 billion.

North America and Europe are set to experience the steepest drops in retail spend forecast to decrease by 4.8% and 4.4% respectively. And while APAC is expected to only see a relatively minor decline of 1.3% which looks good relative to other regions, pre-COVID 19 we had forecast the region’s growth to be 7.2%
Sofie Willmott, Lead Analyst at GlobalData

The map below shows 2020 retail spend for key regions versus 2019 built up from the 49 countries covered, based on GlobalData forecasts.

We’ve reported that 2% of British consumers would rather buy online, compared to 32% of those who prefer in-store shopping.

SEE ALSO:

Pay Space

7166 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.