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US Holiday Spending Faces Steepest Decline Since Pandemic

Consumer expenditures during the holiday season are projected to drop sharply, marking the largest downturn since the COVID-19 pandemic period.

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Terms & Concepts
  • Holiday Spending: Consumer expenditures on goods and services during the holiday season, often used as an indicator of economic health.
  • Pandemic Impact: Economic changes and disruptions resulting from the COVID-19 pandemic, including shifts in consumer behavior and spending patterns.