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Economic Outlook Forecasts Sharp Rise in Unemployment as Recession Takes Hold Across OECD

added: 27-11-2008

The number of unemployed in OECD countries is expected to rise by about 8 million people over the next two years as the most serious recession since the early 1980s takes its toll on economic activity, according to the latest OECD Economic Outlook.

Online Holiday Shopping at Risk from "Browser Wars"

added: 27-11-2008

The 2008 web browser explosion could not have come at a worse time: the most important online holiday shopping season ever. As a result, some online shoppers will be faced with website pages that load slowly, are missing text or graphics, or even fail to complete the checkout function.

NPD’s Consumer Spending Indicator

added: 27-11-2008

With the distraction of the Presidential election behind us and the holiday season upon us, will consumers rebound? The November results of NPD’s Consumer Spending Indicator suggest consumers are not ready to head back to the stores, at least not yet.

Busiest US Online Shopping Minute of the Year Will be at 10.25 AM, on Black Friday

added: 27-11-2008

Retail Decisions (ReD), a payment card issuer and world leader in payment card fraud prevention and payment processing, predicts a bustling Black Friday on November 28 with 10.00 am - 11.00 am being the busiest online shopping hour of the year, with the peak shopping moment at 10.25 am.

Kids, The Economy and Christmas - $32 Billion Needed to Bail Out Christmas

added: 27-11-2008

Think the economic meltdown is something only adults worry about? Think again. A survey conducted by youth opinion research company NODE RESEARCH found that 84% of America's 39 Million 9 to 17 year olds are very or somewhat worried about current economic conditions. More than half of all kids and teens expect that economic conditions will affect the amount of gifts they find under their Christmas tree. While the government might bail out Wall Street, there is no expectation of help for Holiday shopping on main street ... with a recession in Wii's, iPods and clothing expected.

U.S. Consumers Spending Same or More Than Last Year on Holiday Gifts, Despite Economy

added: 27-11-2008

Holiday shoppers are not planning to reduce their spending significantly, despite news of financial turbulence, according to a new survey released by ING DIRECT, the nation’s largest direct bank.

More Americans Struggling, States Ranked on Key Indicators of Well-Being

added: 27-11-2008

For the first time, the Gallup-Healthways Well-Being Index™ has released the Thriving-Struggling-Suffering Index for Americans revealing that, in the first two weeks of November 2008, the average number of struggling Americans hit 60 percent, a rise of 14 percent from the beginning of 2008. At the same time, the weekly average of Americans thriving hit a new low of 36 percent. The Index reflects both how people view their lives up to now and their prospects over the next five years.

China: Real Estate Market Operations from January to October 2008

added: 26-11-2008

The accumulated investment of real estate development from January to October amounted to 2391.8 billion yuan, a year-on-year increase of 24.6 percent, dropped 1.9 percentage points compared with that from January to September. Of the total, the investment of marketable residential buildings reached 1748.2 billion yuan, up by 27.4 percent over the same period last year, 1.3 percentage points lower compared with that from January to September, a share of 73.1 percent to the accumulated investment of real estate development.

Fitch: Declining Economy Outweighs Rate Cuts On Korean Credit Card ABS Performance

added: 26-11-2008

Fitch Ratings has said that the Korean central bank's recent interest rate cuts will help reduce the immediate pressure on credit card default rates. However, the agency cautions that in the medium-term, deteriorating economic conditions will more than offset the positive impact of the rate cuts, and this is expected to lead to higher credit card default rates.

comScore Forecasts Flat Growth for 2008 Holiday E-Commerce Spending

added: 26-11-2008

comScore reported its tracking of holiday season retail e-commerce spending for the first 23 days of the November - December 2008 holiday season, as well as its official spending forecast for the season. For the holiday season-to-date, $8.2 billion has been spent online, marking a 4-percent decline versus the corresponding days last year.

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