Black Friday is the day following Thanksgiving Day in the US, traditionally the beginning of the Christmas shopping season. On this day, businesses open very early and offers promotional sale. As people know, the US economy is still struggling, but this Black Friday may boost up the economy again.
According to a CNN/ORC International poll, 23% of americans say they plan to go shopping on Black Friday, higher that the past few years. Similarly, 37% say they plan to spend less on gifts this year than last year, compared to roughly half in 2009. These surveys suggest that people are going to purchase more than last year. Relating to the economy, the increased turnout could provide a much-needed boost to retailers looking to jumpstart sales in an otherwise weak economy. There will be a huge flow of cash, the revenues companies recieved may be used in investments, or hire the unemployed, and therefore boosting the economy again.
The only immediate side effects of this day is that, the tough economic times will still take a toll on holiday shoppers, where nearly half say that current economic conditions will make this holiday more stressful than the past years.
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http://money.cnn.com/2011/11/25/news/economy/black_friday_poll/index.htm?source=cnn_bin