- Warned consumer Spending could be limited during the holiday season.
- The 'fiscal cliff' refers to a series of automatic spending cuts and tax increases which are due to take effect at the end of 2012 and early 2013. The measures are set to automatically slash the federal budget deficit by USD 607bln or approx. 4% of GDP between FY 2012 and FY 2013
Print 11:00, 26 Nov 2012 - Economic commentary - Source: Newswires
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: