The National Retail Federation Says Washington Must Help Develop Retail Businesses.
The United States
retail
The NRF pointed out that although the unemployment rate remains high and employment growth prospects remain unstable, the growth prospects of retail sales in 2012 will continue to be affected, but the growth rate of the retail industry in 2012 will still be faster than that in many other industries.
Retail sales will increase 3.4% to $2 trillion and 530 billion this year, slightly lower than in 2011 and 2011.
Sale
An increase of 4.7% over the same period.
Many economists estimate that the real US gross domestic product will grow by about 2.1% to 2.4%.
Matthew Shay, President and chief executive of NRF, said that in the past 18 months, retailers have been standing at the forefront of economic recovery, creating jobs and encouraging consumer spending, and in the United States, Matthew Shay.
Investment
。
He said: "our forecast for 2012 was unanimously cast a vote of confidence, and the retail industry has the ability to win a challenging economy.
Retailers have played a key role in promoting economic growth, but to maintain this momentum, we need Washington to take action to encourage employment creation and give full play to the strength of the private sector.
"
Matthew and Shea will announce the prediction of NRF to 24000 retailers and their partners at today's NRF 101st annual conference and Exposition in New York.
He said in his speech that they will continue to explore how the continuous growth of retail industry will eventually increase employment opportunities, expand innovation and increase consumption value.
As the world's largest retail trade association and the voice of retail industry all over the world, the National Retail Federation represents all types and sizes of retailers, including chain restaurants and industry partners from the United States and more than 45 overseas countries.
Retailers are in charge of 360 American businesses, supporting 1/4 of American jobs and 42 million of Americans.
The retail industry contributes $2 trillion and 500 billion to the gross domestic product of the whole year, and retail is a daily barometer of the national economy.
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