Article: A not-so-festive season forecast; Slowdown may curtail Christmas spending, top economists warn.(News)

By SIVUYILE MANGXAMBA

Business Writer

A decent rather than a buoyant festive retail period is more likely in the run-up to this Christmas holiday season, as indicators point towards an economic slowdown, say some economists.

They offer a subdued forecast as retail stores gear up for the festive season spending splurge.

"We will have a decent retail sales period but not a buoyant period as last year," said Stellenbosch-based Bureau for Economic Research chief economist Pieter Laubscher.

While consumer confidence was slowing down, Laubscher said in an interview yesterday that strong income earnings were still sustaining ...

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