Coronavirus BRIEFING

Retail Sales Grew Less Than Expected in October, as Economists Worry About a 'Difficult Winter’

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"Phase two of the recovery is significantly slower with muted employment gains and reduced fiscal aid weighing on incomes, and a worsening Covid outbreak once again limiting activity across the country."

Gregory Daco, chief U.S. economist at Oxford Economics, commenting to CNN Business earlier this week for its report, “Retail sales grew less than expected in October, as economists worry about a 'difficult winter.’”