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Romania: Significant Drop in Purchase Power
Politics ♦
Published: August 12, 2013; 21:26 ♦ (Vindobona)
General consumption climate is unfavorable in Europe at the moment.
Romania: Significant Drop in Purchase Power / Picture: © Vindobona.org
Purchase power in Romania has decreased 22.5 percent while at the same time expectations for recovery of the country’s economy has dropped 16.1 percent and expectations regarding revenues have decreased as well by 5.3 percent, according to a survey The Consumption Climate in Europe carried out by research institute GfK.
In the first quarter of 2013, the Romanian GDP increased…
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