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Consumers remain 'willing to spend' even as growth slows, NRF says

Despite slower growth, consumers remain willing to spend, says National Retail Federation chief economist Jack Kleinhenz. Economic growth depends on job growth, inflation and Federal Reserve actions. GDP is projected to grow 2.3% in 2023, with inflation expected to drop to 2.2% by year-end. Increased immigration boosts labor supply and production capacity.

Source: Hardware Retailing

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