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The price crisis has eroded consumer confidence in the economy, bringing it to its most negative level since the pandemic began.
According to the Bank of Albania survey, this pessimism of the citizens was dictated by their lower expectations for their financial situation and the general economic situation of the country.
Their forecasts for current purchases declined, reflecting the inability to make expenditures, while fearing high prices for consumer goods in the future.
The deterioration in consumer confidence, which contracted by 6.7% in March, caused the economic sentiment indicator to fall again for the third consecutive month by 2%, reflecting the effects of the pandemic crisis first, and then the shock that the rise in prices is giving. pricing.
In addition, the central bank survey that serves as a measure of the overall economic situation of enterprises and citizens, shows that trade businesses are more pessimistic due to lower estimates of the current performance of their activity.
Construction continues to remain steadfast and appears optimistic in both the performance of construction activity and the expectations of enterprises in the sector for price increases. While ratings for current orders, declined.
The positive performance of ordering contracts has made businesses in the industrial sector more optimistic and, as for other sectors, these enterprises expect further price increases, dictated by the situation created by the Russia-Ukraine war.
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