We are facing a money saving Christmas

The Christmas season in the United States starts each year, the Friday after Thanksgiving day. The Equilor Investment Ltd. examined how the Christmas shopping season can evolutate in Hungary and abroad.

According to the forecasts; this year's Christmas will be poorer than last year’s: the turnover can decrease both in Hungary and overseas and in the United States may stagnate. However, Internet trade can continue to expand, but at a lower rate than before.
In accordance with the international trends, the Hungarian retail market started to shrinkage, because of the recession. This process can be delayed in Hungary, because the GDP – in contrast to the developed market economies – even in the future will be decreasing – reports vg.hu.