Delta Variant Fears ‘Likely Weighing’ on Consumer Confidence: NRF
Broader acceptance of COVID-19 vaccinations is “the key to further economic recovery, reopening and rebuilding,” said National Retail Federation Chief Economist Jack Kleinhenz Tuesday. “With the outlook for the global economy continuing to hinge on public health, vaccine numbers are…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
extremely important,” he said. “The economy has heated up along with the summer temperatures,” said Kleinhenz. U.S. GDP surpassed its precrisis peak in Q2, and “vigorous growth is expected throughout the rest of the year,” he said. But the pace of vaccinations “has slowed considerably,” and fears of COVID-19's Delta variant are “likely weighing on confidence,” he said. There’s no evidence fears of the Delta variant have yet “impacted consumer behavior,” he said.