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Economic Outlook and Electronic Commerce’s Role. Presented by Brian Greber, Director Center for Business Research and Economic Development February 28, 2012. Agenda. Review Retail Sales Trends Highlight The Role of E-Commerce in Retail Correlate Trends in GDP and E-Commerce
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Economic Outlook and Electronic Commerce’s Role Presented by Brian Greber, Director Center for Business Research and Economic Development February 28, 2012
Agenda • Review Retail Sales Trends • Highlight The Role of E-Commerce in Retail • Correlate Trends in GDP and E-Commerce • Discuss the Future
US Historic GDP Growth Source:bea.gov
Outlook • The economy is recovering, more quickly than many realize • You should be looking towards • GDP growth 2% plus • Retail growth 3% plus • E-tail growth in share 0.4% per year • Implies E-tail grows over 11% per year! • E-tail growth in share of non-gas, non-auto, non-food is growing at 0.7% share per year. • Internationally, US will be a more competitive supplier (imports become more expensive)