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Christmas a much-needed boost for local businesses

A partial view of OJ Mall in its festive attire (Photo: Anel Robert) By Laura Pillay   With the Covid-19 pandemic, economic recession and looming uncertainty, it was fairly evident from months ago that the festive period would be somewhat dialled down this year. With many faced with limited financial resources in their pockets, it was expected that the general consumer spending frenzies witnessed in preceding years would be done away this year, and that consumers and economic actors would be more financially disciplined, as advised by Governor of the Central Bank of Seychelles (CBS) Caroline Abel throughout the year. However, despite the economic situation and warnings, it seems as though it was business as usual for most, with the customary practices of gift-giving, house embellishing and family gatherings.

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