Last week Americans celebrated the most important Holiday of the year; Black Friday. Economists had mixed opinions about consumers, which make up 65-70% of US GDP. While everyone agreed sales were strong, some economists predicted that many people did all their shopping already, and predict weak overall retail sales for the Holiday Season.
Book of the week: The Growth Map: Economic Opportunity in the BRICs and Beyond by Jim O’Neill, head of Goldman Sachs Asset Management, and the man who coined the term BRICs. See upcoming article here-Goldman’s Jim O’Neill Reflects 10 Years After Coining ‘BRIC’?.
What do you think (info-graph below)?
Last week’s poll results:
Book of the week