The second immediate impact will likely be a decline consumer spending pattern. The attacks are likely to curb consumers from frequenting large, public spaces in the city such as shops, cafés and restaurants—resulting in a decline in spending. Although, the festive month of December approaching, the fear of visiting crowded areas is likely to result in lower footfalls in shopping malls and stores. However, with technology and the new-age style of shopping, some part of the damage might be offset by an increase in online shopping.
Read more: The Paris Attacks And The World Economy http://www.investopedia.com/articles/investing/111715/paris-attacks-and-world-economy.asp#ixzz3uBnMM6nA
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The second immediate impact will likely be a decline consumer spending pattern. The attacks are likely to curb consumers from frequenting large, public spaces in the city such as shops, cafés and restaurants—resulting in a decline in spending. Although, the festive month of December approaching, the fear of visiting crowded areas is likely to result in lower footfalls in shopping malls and stores. However, with technology and the new-age style of shopping, some part of the damage might be offset by an increase in online shopping.Read more: The Paris Attacks And The World Economy http://www.investopedia.com/articles/investing/111715/paris-attacks-and-world-economy.asp#ixzz3uBnMM6nA Follow us: Investopedia on Facebook
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