Reported 9 days ago
As the holiday shopping season approaches, Mastercard's Chief Economist Michelle Meyer anticipates a 3.2% increase in overall retail spending from November 1st to December 24th. Notably, she predicts a 6.5% growth in electronics spending, driven by ongoing product replacement cycles and deflation in prices. Meyer emphasizes that retailers will likely focus on promotions to attract consumers, resulting in price reductions driven by demand.
Source: YAHOO