About 80% consumers in UK, France, Germany see downturn lasting over a year due to inflation: Survey
Due to rise in inflation it is difficult for UK, France and Germany citizens to have huge purchasing power and boost economy. Maximum funds are utilize in food and daily needs . They are not able to divert fund in other sectors.
More than 80 per cent of consumers in the UK, France, and Germany expect the current economic downturn to last more than 12 months, and more than 90 per cent of shoppers are changing their spending habits in response to higher prices and interest rates, as per a recent survey.