Consumers have more buying power due to the continued fall in unemployment, as well as higher wages.
More Quotes from Daniel Chan:
The negative effect of textile export quotas imposed by the US and Europe has been evident since August last year. Now China is again being accused of dumping iron products and shoes in the same countries, so new anti-dumping quotas may be imposed soon.Daniel Chan
Traditionally, the third and fourth quarters are the peak for tourism on a higher number of conferences and conventions during that time, ... This, in addition to the Disney effect, will likely lead to stronger tourist spending.
Daniel Chan
We can't rule out double-digit retail sales growth in the final quarter.
Daniel Chan
If you can detect the disease earlier, perhaps you have better chance on deciding the therapy and perhaps prolong the life of the patients.
Daniel Chan
The continued improvement in the local job market has underpinned the growth in retail sales. We expect growth will continue as interest rates peak in the second half of the year.
Daniel Chan
We expect export growth to moderate in coming months but not too much as trade flows from China will remain healthy and the U.S. economy is performing quite well.
Daniel Chan
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