By Jill McLaughlin Despite reports of a gloomy economy, holiday shoppers are eager to spend their money on presents this year as sales could top $1 trillion, the National Retail Federation announced Thursday. The annual holiday retail sales forecast for November and December calls for an increase of between 3.7 percent and 4.2 percent over […]
Tag: Economic Depression
An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.
