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Ulster Bank economist Richard Ramsey

After Covid-19, Netflix habit has come full circle

Richard Ramsey


Richard Ramsey says we’re now seeing a reversal for the companies who did best during pandemic

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Netflix has revealed a slump in subscription numbers over the start of 2022 (Ian West/PA)

Netflix has revealed a slump in subscription numbers over the start of 2022 (Ian West/PA)

Richard Ramsey

Richard Ramsey

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Netflix has revealed a slump in subscription numbers over the start of 2022 (Ian West/PA)

In practically every economy, bar perhaps territories like China, consumer spending is the dominant factor in driving economic growth. In recent years the pandemic and lockdown restrictions turned consumer spending habits on their head.

When it wasn’t possible to spend money on certain things such as holidays and hospitality we doubled down on our online spending on garden furniture, home entertainment, fitness products and all manner of other things.


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