Gloomy economic conditions and curtailed consumer spending is forcing Javelin Strategy & Research to leap back from its previous five-year estimate on projected online transaction volume.  

In Javelin’s 2008 Online Retail Payments Forecast, the Pleasanton, CA-firm says that online transactions will account for just $268 billion, or 5.8 percent, of all retail spending by 2013. The economic crisis, which has led to a squeeze on consumer credit lines as well as discretionary spending, has forced a downward revision from the $355 billion online retail market Javelin saw last year in its crystal ball for 2012.  

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