Business
Holiday sales to grow at slowest pace since 2018; inflation wipes out consumers’ savings
In an atmosphere of financial uncertainty fueled by enduring inflation, the latest forecast reveals a somber outlook for US holiday sales. For the first time since 2018, the anticipated growth in retail sales for the season is expected to be the slowest, with projections estimating an increase of only 2.3% to 3.3%, which could total up to a staggering $1.6 trillion from November through January. This marks a significant deceleration from the previous year's 4.3%…
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