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German Suburbs Log Strong Gains In Consumer Spending Due To Remote Working: Ifo Study

Por: RTTNews Business May 08, 2023

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Retail sales growth in Germany's residential areas and suburbs has grown strongly, while spending in city centers remain below the pre-pandemic levels as many people continue to work from home, results of a study by the ifo Institute showed Monday.The ifo study covered locations in Berlin, Munich, Hamburg, Stuttgart and Dresden. The study found that private spending in the city center was still 5 percent lower than in 2019, Oliver Falck of... + full article



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