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Improving GDP and Retail Sales Could Boost Visa’s Platform Usage

Andrew Brunton
Improving GDP and Retail Sales Could Boost Visa’s Platform Usage

Improving GDP growth, a healthy job market, and steady wage growth have increased the disposable income of consumers, thereby giving them greater spending power. The US GDP grew 4.1% in the second quarter of 2018, which was almost double the 2.2% increase registered in the first quarter. The growth rate was the highest since the third quarter of 2014.