Consumer confidence in record slide | Business

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In February 2020 consumer confidence in Greece had climbed to an almost 20-year peak at -4.8 points. It took just a few weeks for it to slide back down to -16.5 points in March, according to Foundation for Economic and Industrial Research (IOBE) statistics released on Wednesday, with the monthly reduction of 11.7 points being the biggest ever recorded from one month to the next.

The reason for this record decline is that pessimism over their financial situation and labor security had…

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Source: ekathimerini.com