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Consumer spending expected to fall

A weakened economy compounded with the psychological and economic effects that the tragedies of September 11 will have on consumers will negatively impact the sales of “luxury” items, including personal computers and consumer electronics, according to many analysts. “All consumer goods, whether television sets or DVD players will fall into the same category: a purchase which will be made if necessary, one that will be made if its functional. But it should not represent extravagance, because with the kind of mood the country is in, any kind of purchase of an extravagant kind, would make people feel guilty,” said one analyst.

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