Posted 11/21/2023, 4:30:42 PM
Holiday Shopping Off to Slower Start as Economy Cools from Pandemic Highs
- Holiday shopping is slower this year compared to the pandemic years when it began very early
- Retail sales fell in October for the first time since March
- The economy is still feeling ripple effects from the pandemic shockwaves
- The economy and retail spending are returning to normal levels
- Economist predicts shopping will pick up again after Thanksgiving as the economy cools from an overheated pandemic state