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According to a study published by Moody’s Investors Service in London on Tuesday, according to a study published by Moody’s Investors Service in London on Tuesday, according to a study published by Moody’s Investors Service in London on Tuesday, according to a study published by Moody’s Investors Service in London, the MTI.
The international credit rating agency said that such consumption deficit would be equal to 20 percent of the gross domestic product (GDP) of the EU economies annually, calculated as if the current restrictions were in force for twelve months.
Among the largest European economies, Spain, Italy and the United Kingdom have the highest proportion of consumption that is likely to be delayed or postponed: unrealized consumption in these countries could reach 25 percent of GDP measured by the annual projection method, according to Moody’s analysis on Tuesday.
There is something that cannot be replaced later.
According to the credit rating agency, the service sector, especially the hotel industry, as well as the transport and cultural services sector, is expected to be an area where consumption lost due to restrictions and current shortages cannot be recovered later.
Moody’s estimates that these areas represent 25 percent of the value of household consumption within the European Union.
However, for durable consumer goods, such as cars, clothing, in which EU households spend 20% of their consumption, it is not certain that the lost consumption will be lost entirely, as demand suffocated in times of Restrictions can be released by easing restrictions and improving consumer confidence. .
A sharp drop in consumption is indicated by the fact that demand for new cars practically disappeared in April, according to data from the British Association of Automobile Manufacturers and Dealers (SMMT) published on Tuesday.
The car market was in shock
The union said that only 4,321 cars were placed on the market in the United Kingdom last month, 97.3 percent less than the previous year. Last April, 161,000 new cars were sold by British dealers.
SMMT emphasized that last month’s figure was a minimum of 74 years, most recently in February 1946 with fewer cars sold in Britain than in April this year.
In the months since the beginning of the year, UK car sales have also dropped dramatically: 487,878 new cars have been on the market this year, 43.4% less than in the same period last year.
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