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
āThere will be a bounce back but it could be a bit more challenging next year.āĀ
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
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