Retail
November 18, 2020
Asia Pacific was the first region to face COVID-19, with the virus first emerging in Wuhan, China in late 2019. Image credit: Euromonitor
By Ellen Kelleher
Although consumer confidence has rebounded during the ongoing COVID-19 crisis, many continue to adapt their budgets as safety perceptions shift and spending priorities evolve amid persistent financial uncertainty.
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","iv":"01a14f680dce4c94ad2981bda4243da4","s":"4f3ccbd35a0d946e"}
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