ZB

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 untilĀ Christmas,Ā retailers and hospitalityĀ businesses are hoping for a spending spree before they call it a year.Ā Ā 

Jarden's EconomistĀ John CarranĀ told Heather du Plessis-AllanĀ he expects people to spendĀ plenty this Christmas season because of theĀ pent-upĀ urges through lockdown.Ā Ā 

ā€œThere will be a bounce back but it could be a bit more challenging next year.ā€Ā 

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

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

LISTEN ABOVEĀ