Retail sales are expected to rise only 3.4% this year as opposed to the 4.7% increase in 2011. Economists believe it will be a result of many factors: unemployment, stagnant wage growth, suffering housing market and high oil prices.
Retail sales are expected to rise only 3.4% this year as opposed to the 4.7% increase in 2011. Economists believe it will be a result of many factors: unemployment, stagnant wage growth, suffering housing market and high oil prices.
Tags: housing market, oil prices, shoppers of 2012, unemployment, wages
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