Looking back, looking ahead with Chris Farrell
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Overall, consumer spending, excluding car and fuel purchases, dropped an estimated 2 to 4 percent this month and last. Retail analysts are expected retailers to use after-holiday sales in order to survive the harsh economic slump.
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Minnesota Public Radio's Chief Economics correspondent Chris Farrell discusses retail sales in 2009, the Minneapolis Federal Reserve economic forecast for 2010 and what he'll be watching in the coming year.
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