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• Growth in US online retail sales in 2022 reflects consumers’ return to in-store shopping, partially offset by high inflation. We expect the pandemic-driven acceleration in growth to taper off in the next five years.
• In 2022, we expect China to see an acceleration in online retail sales growth, due to continued lockdowns in the country. We expect growth to slow through 2026.

Click the image below to read our full Market Outlook, which explores the size and trajectory of the e-commerce markets in China and the US, covering key market factors, competitive landscapes, retail innovators and themes we are watching.