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Unexpected, record breaking holiday spending numbers could prevent a recession

Por: WPTV Nation December 08, 2022

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The writing was on the wall. Shoppers are cautious with their spending this holiday season, but those predictions turned out to be far from reality. Richard Wobbekind, a senior economist with the University of Colorado Boulder, said indulgence of spending is what's preventing a recession. The numbers that have come out in retail sales and holiday sales have really exceeded expectations, Wobbekind said. We're anticipating a slow down in... + full article



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