NRF Economist tells Americans that fears of a recession may now be overblown

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Written By Jennifer Joslyn

💸 NRF Economist tells Americans that fears of a recession may now be overblown.

The National Retail Federation (NRF) Chief Economist is citing easing inflation as a reason to forecast growth in 2023. Retail sales are a key indicator of economic growth, as they reflect the level of consumer spending, which is a significant contributor to the overall economy. Retail sales data provide information on the sales of goods and services by retailers and are often used as a gauge of consumer confidence and spending patterns. When consumers are feeling confident and spending money, retail sales tend to increase, indicating that the economy is growing.

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Jennifer Joslyn
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