The global retail market will reach $25.038 trillion in 2019, an increase of 4.5% and a slight acceleration in growth vs. the prior year, per our estimates. At the same time, it represents a marked decline from the five years preceding that, when global retail sales grew at rates between 5.7% and 7.5% each year.

“This consumer spending slowdown over the past two years reflects growing economic uncertainty and a dampening economic environment across many corners of the globe,” said Andrew Lipsman, eMarketer principal analyst and lead analyst of our latest report collection “Global Ecommerce 2019.”

“China’s economy, which has been surging over the better part of the past decade, has seen GDP growth level off considerably,” he added.

Sourced through Scoop.it from: www.emarketer.com