Holiday spirit in the time of economic uncertainties and inflation
~ Sunday, September 24, 2023 Blog Post ~
Christmas 2023 is the first-ever Christmas following the coronavirus or COVID-19 pandemic. As such, we can expect this holiday season to be an opportunity for revelry, relaxation, and merry-making or celebration. Furthermore, this post-pandemic Christmas sees most of the world’s economies being totally open.
But is the holiday spirit really there, considering the high prices of goods? Although the COVID-19 pandemic is done, many may not really enjoy this festive season.
After all, the costs of services and goods continue their steady rise. I understand that many today complain about how expensive their groceries have become. Aside from the food cost, fuel price hikes weekly or every other week badly affecting transportation and everything else have been a challenge for consumers.
Besides the inflation dilemma, economic uncertainties like China’s weakening economy leave consumers on the pessimistic side. After all, China is the world’s largest economy and a major trading partner of G-20 countries. If the Chinese economy is in trouble, a domino effect is inevitable, which leaves other countries in a quandary as well.
With high consumer prices and persistence of economic uncertainties, consumers will have to make do with the resources they have. Consumer finances may be difficult, yet they can still have a wonderful Christmas since this season is about family and togetherness and it does not have to be lavish or tawdry, especially for those who cannot afford.
