Tag Archives : Consumer Spending

It seems that Thanksgiving knows no recession. Thanksgiving weekend retail sales came up to a whopping total of $41.2 billion, beating the 2008 haul by $1.2 billion. The amount is a .5% increase over last year’s $41 billion. However, ‘the average shopper spent 8% less than in 2008, $343.31 against $372.57.’ Consumers were still wary and cautious [...]

More than 80 percent of the forecasters polled that the recession has finally ended. The labor market is still very bleak. The crisis is here to last even in 2010. The US GDP is to grow at 3.0 percent in the third quarter. The previous survey has quoted growth rates at 2.2 percent in the third quarter. The economy as a whole has been predicted to shrink [...]