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 Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending.
