COVID-19 Pandemic Has Devalued Online Dollar

(5 April 2021) In 2020, for the first time since Adobe began tracking digital purchasing power, US consumers were getting less for their online dollars than they had the previous year. The rise in consumer demand and online sales in the second half of 2020, stimulated by US government spending, easing of monetary policy, and pent-up demand from the early months of the pandemic, was met with supply chain disruptions and rising prices.The online dollar continued to weaken in the opening months...