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 Wysłany: Śro 9:18, 18 Maj 2011 Temat postu: UK retailers facing difficult ten-year, Item Club |
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UK retailers could be facing numerous years of needy bargains growth, an economic muse tank has said.
Consumer spending is expected to ascend at merely 2% a annual in the 10 years up to 2020,[link widoczny dla zalogowanych], according to Ernst & Young's Item Club.
Spending is creature measured down by debt repayments,[link widoczny dla zalogowanych], limited lending and high inflation, with the prospect of amuse rate rises additionally to come.
The achieve is expected to be harshest outdoor London, the Item Club said.
For the UK as a whole, spending is expected to rise by only 0.6% this year and by 1.3% in 2012.
And even though spending in London is expected to elect up by a relatively lusty 1.5% this year, aggregate spending in the capital - as along the entire nation - will still not entirely retrieve to pre-recession levels until 2013,[link widoczny dla zalogowanych], the Item Club predicts.
"The squeeze aboard family budgets is only working to intensify this year, as the breach between lofty inflation and subdued remuneration growth continues to amplify and we experience a second continuous year of declining disposable incomes,[link widoczny dla zalogowanych]," said Andrew Goodwin, king economy director to the Item Club.
The research group forecasts that disposable income will fall again this year, by 0.1%.
Technology and leisure retailers are expected to be best positioned for any rebound in costing, meantime the outlook for hotels and cafeterias is bleak.
Topics related articles：
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