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Retail sales climbed back to record levels in June and continued to grow in July and August - despite painful levels of unemployment and income loss.
But the good times will not last much longer: The massive government income support programs that funded consumer spending are ending, while shoppers will need to resume normal household necessities.
Absent additional government interventions - which seem increasingly unlikely - retail sales will soon fall again and remain depressed until the pandemic eases and the economy recovers.