Aussie spending has been turbulent in 2020, with the devastating effects of the bushfires into the outbreak of COVID-19.
In fact, according to Deloitte Access Economics latest quarterly Retail Forecasts subscriber report (Q2, 2020), retail spending has been a rollercoaster so far this year.
The report revealed that after the surge in spending growth in the March quarter, Deloitte predicts that it will contract again by 4.0% in the June quarter.
2020 has been a tumultuous year for retailers. Were not even halfway through, but across the whole sector we expect calendar 2020 to register a record breaking fall in real retail sales, Deloitte Access Economics partner and Retail Forecasts principal author David Rumbens said.
But while t…
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