Consumer Demand Continues to be Muted – Christmas Sales Expected to Grow
In the euro zone, private households were markedly more cautions in their propensity to consume during the downturn phase of 2001-2003 than they were during the slump of 1992-1994. Accordingly, consumption gave much less of a boost to economic activity, a development which can be ascribed to the low confidence level on the part of consumers faced with high unemployment, a gap between their perception of inflation and actual figures, restrictions in public finances and pension systems, and the associated reforms and how they are seen by private households.
Year of publication: |
2005
|
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Authors: | Wüger, Michael |
Published in: |
WIFO Monatsberichte (monthly reports). - Österreichisches Institut für Wirtschaftsforschung (WIFO), ISSN 0029-9898. - Vol. 78.2005, 12, p. 821-833
|
Publisher: |
Österreichisches Institut für Wirtschaftsforschung (WIFO) |
Subject: | Privater Konsum Weihnachtsgeschäft Einzelhandel Sparen |
Description of contents: | Abstract [wifo.ac.at] |
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