The Global Economy, which slowed in 2019, has crashed in 2020 due to the COVID-19 outbreak resulting in a challenging forecast period for the retail industry. As the majority of products in the industry are sensitive to the economic cycles, the retail industry is expected to show slow recovery during the initial forecast period, yet the customer necessity for the majorityThe Global Economy, which slowed in 2019, has crashed in 2020 due to the COVID-19 outbreak resulting in a challenging forecast period for the retail industry. As the majority of products in the industry are sensitive to the economic cycles, the retail industry is expected to show slow recovery during the initial forecast period, yet the customer necessity for the majorityof products is anticipated to drive the market once the situation settles down.