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Topic: Business
Number of pages / Number of words: 3 / 585
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GDP is also directly related to retail spending. Consumer spending is approximately two-thirds of GDP. The recent slow down in GDP can be related to the economic turmoil in Asia and Russia. This has dampened the export market and put a drag on the American economy.

The recent reduction in interest rates by the Federal Reserve Board is an attempt to off set some of the adverse effects of the global economic slow down...


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This is also meant to help spur consumer spending and use of credit.

General Economic Conditions affecting Industry

Other general economic conditions affecting the retail industry include, for all segments include consumer confidence, changes in consumer's demand and shopping preferences. The current trends in the retail industry indicate that consumers perceive shopping as a chore, it is no longer "fun" as in the 1980's...


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