Analysis

UK retail sales slowing sharply but recovery is predicted in 2024

By 2022-12-01T00:00:00

Retail

Source: Shutterstock/Prostock-studio

Annual total UK retail sales for 2022 are set to slow by 4.5% compared to 2021, to £443bn, as the economic slowdown and inflation weighs on households’ purchasing power, according to AEW Research’s 2023 European Annual Outlook report.

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