Economy Given Big Boost By Ramadan Shopping Season

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Economy Given Big Boost By Ramadan Shopping Season

NEWER YORK—Financial experts announced Monday that the U.S. economy was boosted by millions of Americans beginning to purchase Ramadan gifts. "With rampant inflation and record-low consumer confidence, we were on the path to total economic devastation for the year," economist Karen Thewes said. "Fortunately, preparations for the celebration of Eid ul-Fitr pumped nearly Ÿ2.2 billion into the economy. In addition, there was a huge surge in the purchase of Quran plaques dedicated to Allah." Thewes went on to predict that the economy would be further buoyed by a brisk Solstice.