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A new survey of retail sales expectations shows that 21% of Aussies expect to spend less this Christmas than last year versus only 9% that expect to spend more:
Nearly half of all sales will also be conducted online:
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With 58% of Aussies expected to purchase more Christmas gifts online than last year:
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.