Growth in US year-end holiday shopping expected in 2014

The growth in US economy brings cheers across the world, since the interdependency is high, people around the world expect US economy to grow further stronger for the overall growth of global economy. One of the indicator of US economy is the holiday shopping. In United States most of the market research studies point towards increased holiday shopping during the year-end season of 2014, starting from Halloween to new year shopping. Consumer Electronics Association (CEA) has predicted 2014 holiday season will see the highest levels of consumer spending on consumer electronics (CE) since CEA began tracking holiday spending in 1994. Total tech spending during the holidays to increase by 2.5 percent (up from 0.9 percent growth in 2013) to reach a record $33.76 billion during the 2014 holiday season as per the latest findings by CEA analysts. The top five consumer electronic products wished by US adults to be gifted to garner share of 51% of total revenue of consumer electronic industry in 2014 resulting in a total revenue generation of US$108.8 billion in 2014, as per CEA. Tablets, Notebook/Laptop computers, TVs, Smartphones, and Videogame consoles or the top five consumer electronic products in this holiday season. CEA says "it expects headphones and earbuds (27 and 26 percent, respectively) to be the most popular CE devices consumers give during the 2014...