“Any hint of adverse economic developments is likely to provoke a retreat from the local restaurant back to meal deals and nights on the sofa”.
Peter Spencer, chief economic advisor to the Ernst & Young ITEM Club, warns that a recovery in consumer spending is set to be fragile, and it will be two years before levels reach pre-recession spending.
Content from our partners
Subscribe to The New Statesman today from only £8.99 per month
Related
