View in context, Economics 24, September 2021

Retail sales, which are 30% of GDP, down

Economic optimism in a recent survey went down 14% in a month (considered significant for a month over month).

Retail sales in July were 17% above Feb 2020. Growing 3x their normal rate, because govt spending all this money, and now that is over.

The consumer is 70% of GDP.

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