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Tag: partly

US consumer spending up 8.2%, partly erasing record plunge

2020-06-26 20:09:50| The Economic Times

Last month's rebound in consumer spending followed record spending drops of 6.6% in March and 12.6% in April, when the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a recession. Since then, many businesses have reopened, drawing consumers back into shops and restaurants and restoring some lost jobs.

Tags record consumer spending partly


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