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Economic Outlook and Electronic Commerce’s Role

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

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  1. Economic Outlook and Electronic Commerce’s Role Presented by Brian Greber, Director Center for Business Research and Economic Development February 28, 2012

  2. Agenda • Review Retail Sales Trends • Highlight The Role of E-Commerce in Retail • Correlate Trends in GDP and E-Commerce • Discuss the Future

  3. US Historic GDP Growth Source:bea.gov

  4. 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)

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