Holiday Sales Growth Seen Slowing

PURCHASE, N.Y. — Fears of the so-called “fiscal cliff” and other factors appear to have slowed retail sales growth this holiday season, according to reports.

MasterCard Advisors SpendingPulse here is estimating that retail sales in November and December were up 0.7% over last year, Bloomberg reported early Wednesday. That compared with 2% growth the SpendingPulse report indicated in 2011.

In addition to fears of economic hardship caused by Washing

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