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World Business Report

sarah wyeth is retail & consumer managing director at s&p global ratings in new york. how is the global retail sector fairing now? thank you. i could speak to the us retail sector. we would start with the consumers, really quite stretched, basing inflation, prices that are 20% over 20% higher than they were a couple years ago. access savings from government stimulus and other sources has largely been spent down. we are seeing consumers trade down, the first discretionary spending and the stock. there is evidence of resilience in consumer spending and in fact, the numbers were listed for much were quite positive. up 8% over a month and for year—on—year. if you take a look at —— closer look, there

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