Monday, December 4, 2017

2018 Economic Forecast: The outlook is mostly sunny, but some clouds loom

Fair weather ahead. That’s the economic forecast for 2018. Retailers should benefit from an improving employment picture, growing disposable consumer income, and an easy credit environment.

“We estimate core retail sales will increase by 4.7% in 2018,” said Scott Hoyt, senior director of consumer economics for Moody’s Analytics, a research firm based in West Chester, Pa. (economy.com). “That’s an improvement over the 3.8% increase of 2017, which was virtually flat with the previous year.” (Core retail sales exclude volatile auto and gasoline segments).. . . more

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