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The National Federation of Independent Business' small business optimism index rose by 0. 8 points in February to 95. 8 but again failed to return to pre-pandemic levels.
Consumer spending fell 13. 8% year-on-year in February, according to data from Barclaycard, although some sectors saw record growth as coronavirus lockdowns continued to influence spending habits.
The OECD has strengthened its growth forecasts for the global economy, citing the ongoing success of the vaccine rollout and the US’s mammoth stimulus package.
