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The National Retail Federation says that the U.S. is entering an unprecedented recovery period. WASHINGTON The future for retail sales is far rosier than expected, according to the National Retail Federation (NRF)’s chief economist Jack Kleinhenz. Last month, NRF changed its 2021 prediction to show retail sales growing between 10.5% and 13.5% above last year to reach $4.44 trillion to $4.56 trillion. That’s a significant bump from the trade group’s initial forecast in February of between 6.5% and 8.2% increases to reach between $4.33 trillion and $4.4 trillion. “It has become clear that the U.S. economy and retail sales are growing far faster and more steadily than anyone could have expected just a few months ago,” Kleinhenz said. He noted that the group issued its initial forecast during uncertainty about vaccine distribution, virus infection rates, consumer spending and additional fiscal stimulus from the federal government.

United statesJack kleinhenzNational retail federationAmerican rescue planConvenience industry forecast usingCrystal ballRear view mirrorConvenience mattersஒன்றுபட்டது மாநிலங்களில்பலா க்ளீன்ஹென்ஸ்தேசிய சில்லறை கூட்டமைப்புஅமெரிக்கன் மீட்பு திட்டம்படிக பந்துரியர் பார்வை கண்ணாடிவசதி விஷயங்கள்