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This is exactly what I thought too: a drop in local GDP has caused a drop in aggregate demand for consumer goods and services. The only proviso is that some of
by qubex 9y ago
This is exactly what I thought too: a drop in local GDP has caused a drop in aggregate demand for consumer goods and services. The only proviso is that some of the remains demand is served by out-of-county suppliers, including e-commerce operations that obviously have the advantage of convenience for the local consumers on account of their logistics.