三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Europe

Cost-of-living crisis casts shadow over Christmas in Europe

Xinhua | Updated: 2022-12-24 09:03
Share
Share - WeChat
People visit a Christmas market in Brussels, Belgium, on Dec. 22, 2022. [Photo/Xinhua]

LONDON -- With the year-end holidays just around the corner, the pre-Christmas shopping frenzy is quieter than usual across Europe, as the soaring prices of energy and food have taken a heavy toll on consumer confidence, disrupting people's spending plans.

"It affects us a lot, the Christmas dinners, the gifts, their number and cost. This year we are particularly careful about all of these," Sedjkin, a United Kingdom (UK) resident, told Xinhua.

Diego Gonzalez lives in Ireland. His family usually leaves the lights on through Christmas night in front of their house, but this year will be different. "Now we enjoy the lights for two or three hours maximum because electricity is quite expensive," he said.

Inflation has been high in Europe throughout the year and is still in double digits. In the eurozone, it reached 10 percent in November, and the UK's consumer price index (CPI) rose by 10.7 percent in the same month, both well above the official target of 2 percent.

High prices in most traditional goods segments, five successive quarters of real income decline, and depressed consumer confidence all suggest that Christmas sales will be disappointing in the eurozone, commented Tomas Dvorak, a senior economist at the economic advisory firm Oxford Economics.

"Given the downbeat sentiment and the cost-of-living crisis, we doubt consumers will spend much of their remaining excess savings on discretionary items," he said.

Across Europe, consumer sentiment remains mooted. Leonida, a shopper in Ljubljana, Slovenia, told Xinhua that she had narrowed down her Christmas gift list. In Bratislava, Slovakia, Beata had to buy fewer presents than in previous years, and the same applied to winter vacations.

"This year, we haven't got any lights up due to the energy crisis and the prices," Kim Backe, secretary at the Helsingor Trade Council in Denmark, said. "In the family, we have decided to spend less on Christmas gifts."

Polls show that people in Croatia will travel less during the holidays and will spend more time with their families and friends, Kresimir Sever, president of the Independent Trade Unions of Croatia (NHS), said.

As footfall decreases, retailers are struggling. In the eurozone, consumers are unlikely to splurge during the Christmas sales and are much more likely to get thrifty, and retailers' assessment of current and expected business conditions heading into the festive season has been bleak, according to Dvorak.

"We are expecting the impact of high inflation on consumption to deepen at least during the beginning of next year although we also expect the fall in real wages to soften," Lubomir Korsnak, chief economist at the UniCredit Bank in Bratislava, Slovakia, commented.

In the UK, "we've now entered this very difficult period of high inflation, high business costs and low customer confidence," Andrew Goodacre, chief executive officer at the British Independent Retailers Association (Bira), said.

"It's a very toxic mixture for any business," he added.

Though retail sales grew at a moderate pace in the year to December, retailers do not expect the recovery to continue into the new year, anticipating that sales will decline again in the year to January, according to a survey published by the Confederation of British Industry (CBI) on Wednesday.

"Any festive cheer is expected to be short-lived," Martin Sartorius, principal economist at the CBI, said. "Retailers are bracing themselves for the chill winds that will blow through the sector this winter, with consumer spending set to be hit hard by high inflation in 2023." 

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产青青在线视频 | 末成年一级在线看片 | 久久久国产这里有的是精品 | 日韩毛片视频 | 亚洲图片偷拍自拍 | 毛片a级三毛片免费播放 | 日韩中文在线播放 | 色wwwww| 成人精品一区二区三区校园激情 | 国产日产欧美一区二区三区 | 欧美视频第一区 | 播放一级黄色片 | 香港经典a毛片免费观看爽爽影院 | 色综合久久久久久 | 美女三级毛片 | 免费高清黄色 | 一本伊大人香蕉在线观看 | a一级毛片免费播放 | 91国内精品 | 欧美日韩综合 | 小明成人永久免费观看视频 | 特黄特a级特别特级特毛片 特黄特色一级aa毛片免费观看 | 国产精品视频免费一区二区三区 | 美国一级片免费 | 全黄a免费一级毛片人人爱 全黄一级裸片视频在线观看 | 老年人一级毛片 | 亚洲最大黄色网址 | 精品国产免费第一区二区三区日韩 | 性视频网站视频免费 | 尤物视频免费在线观看 | 日本成人黄色片 | 久久综合色之久久综合 | 免费黄色毛片 | 一区二区三区福利视频 | 男女啪啪成人免费网站 | 国产99视频精品免视看7 | 豆国产97在线 | 中国 | 精品一久久香蕉国产线看观看下 | 美女隐私视频黄www免费 | 日韩性网 | 色老头一级毛片 |