Global | Don’t write off the consumer recovery just yet

Warnings that the consumer recovery in advanced economies may be faltering look premature. While there are near-term downside risks due to the rise of the Delta variant of the coronavirus, the recovery path was always going to be bumpy and drawn out. We continue to expect two strong years of consumer spending growth in 2021 and 2022.

What you will learn from this report:

• Warnings that the consumer recovery in advanced economies may be faltering look premature.
• While there are near-term downside risks due to the rise of the Delta variant of the coronavirus, the recovery path was always going to be bumpy and drawn out.
• We continue to expect two strong years of consumer spending growth in 2021 and 2022.