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COVID-19 will cause global retail spend to fall by US$ 549.7bn in 2020, says GlobalData

With almost 3 million cases of coronavirus worldwide and numerous countries enforcing lockdowns, global retail spend is anticipated to fall 3.0 percent in 2020, equating to US$ 549.7bn, in comparison to a previously expected rise of 5.0 percent prior to COVID-19 (+US$ 927.7bn), says GlobalData, a leading data and analytics company. Sofie Willmott, Lead Analyst […]

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