Business bounce-back expected before Christmas; not so cheery next year

Author
Newstalk ZB,
Publish Date
Tue, 16 Nov 2021, 8:39PM
(Photo / File)
(Photo / File)

Business bounce-back expected before Christmas; not so cheery next year

Author
Newstalk ZB,
Publish Date
Tue, 16 Nov 2021, 8:39PM

With only five weeks left until Christmas, retailers and hospitality businesses are hoping for a spending spree before they call it a year.  

Jarden's Economist John Carran told Heather du Plessis-Allan he expects people to spend plenty this Christmas season because of the pent-up urges through lockdown.  

“There will be a bounce back but it could be a bit more challenging next year.” 

He said one of the reasons behind this is increased interest rates.  

Carran said people might also be a little more cautious about physically going out and spending due to Covid. 

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