USA: NRF Predicts Upturn In Second Half
Rosalind Wells, NRF chief economist, said apparel was one of the sectors likely to benefit, with an increase of 3.2 per cent predicted for 2001.
She said consumer spending is being boosted by tax rebate cheques the IRS began mailing last week. "Consumers, who have been keeping the economy moving ahead, will be in even better financial shape to accelerate spending," she said.
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