Posts Tagged ‘economic downturn’
How has the economic downturn impacted consumer behaviour?
The effects on different sectors are already evident, particularly those that rely on discretionary spending for example in areas including private education and private health. Rhea Simnett, Head of Insight at RAPP UK, has identified seven coping strategies that consumers are adopting 1: Stop – stopping and delaying purchases Reduce – reducing volume or frequency [...]
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