Christmas Preferences Drive Global Seasonal Cycles, Impacting Business Trends Worldwide
The article compares seasonal cycles and business cycles across different countries. It finds that the patterns in seasonal fluctuations are similar to those in economic cycles. The researchers suggest that the reasons behind seasonal changes are easier to understand than those behind economic fluctuations. They identify a shift in preferences around Christmas and interactions between people as key factors in seasonal patterns worldwide. The study shows that the same trends seen in business cycles also appear in seasonal cycles in developed countries.