Decline in U.S. Retail Sales Due to Coronavirus

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The Retail Sales data in the United States fell by 16.4% in April, following an 8.3% decline in March. Clothing and accessories stores declined to almost 90%, with only nonstore retailers and food and beverage stores posting a positive number.

Using the United States as a benchmark for the developed world likely leads to similar findings. What is more interesting is that the coronavirus pandemic just amplifies a trend that started way earlier – the…

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