VIDEOSGZERO World with Ian BremmerQuick TakePUPPET REGIMEIan ExplainsGZERO ReportsAsk IanGlobal Stage
Site Navigation
Search
Human content,
AI powered search.
Latest Stories
Sign up for GZERO Daily.
Get our latest updates and insights delivered to your inbox.
Global Stage: The AI Divide
WATCH RECORDING
In 60 Seconds
Short, concise, and to the point, In 60 Seconds covers world news, US politics, the view from Europe, and more.
Presented by
How does Black Friday impact the economy?
So, Black Friday is known for kicking off the holiday shopping season and the weekend can be critical to retailer's annual performance. Investors also see it as a good indicator of the health of the retail industry. Last Thanksgiving weekend, 165 million Americans went shopping in stores and online. Online alone for Black Friday, they spent $6.2 billion.
What is the role of the retail sector in the economy?
So, consumer spending drives a lot of the economy. And in fact, economists say it is one of the most important economic indicators. The National Retail Federation says that it contributes $2.6 trillion to annual GDP.
Keep reading...Show less
More from In 60 Seconds
GZERO Series
© 2026 GZERO Media. All Rights Reserved | A Eurasia Group company.
GZERO Daily: our free newsletter about global politics
Keep up with what’s going on around the world - and why it matters.