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Sunday, May 20, 2007

Retailers notice drop in spending

Retailers in Fiji have noticed a drop in consumer spending in the first 4 months of 2007 compared to the same period in 2006. The drop has been attributed to the current state of the economy. Loss of jobs, reduced hours, wage and salary cuts and high interest rates have all contributed to the reduction in consumer spending. The next few months to a year will put extra demands on businesses in Fiji.

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