NRF Cites Energy Costs, Housing and Jobs in Scaled-Down Prediction for 2008

NRF's 2008 economic forecast, released today, calls for a 3.5 percent rise from last year, the most modest increase in six years. "Shoppers will seek to pay down debt, spend more in line with income growth, and approach discretionary purchases with more restraint," said NRF Chief Economist Rosalind Wells.