Trademagazin > News and articles > Market News > Closed in pounds less, pennies more, but 2021 is already pulling
Closed in pounds less, pennies more, but 2021 is already pulling
Now everything is closed, if you want to spend, only the store is open. However, despite the restrictions and the economic downturn, the amount of consumption expenditures did not decrease in 2020, and in 2021 the wallets will open bigger – blokkk.com wrote. The value of family spending was 22,400 billion in 2020 and it could increase by 500 billion. But the end of 2020 was very weak.
The government expects that in 2020, household consumption expenditures will decrease by 2.9% (in volume). According to our calculations, the decline in the first three quarters was around 2%, so the last quarter could have been very weak if you had pulled down the annual balance sheet so much. With gift purchase, including Black Friday.
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