The coronavirus crisis has resulted in a sharp fall in consumer spending, Swedbank says in a new report.
The bank's card data shows a 23% reduction in transactions after an initial jump at the start of the coronavirus - likely indicating the point at which people stocked up on provisions.
"Week 11, when the COVID-19 crisis was announced as pandemic, the turnover actually rose significantly in all three countries, with consumers frontloading expenditure and stocking up on products," said Swedbank, before adding: "Starting from week 12 ...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.
In case you don't have a subscription yet - please visit our
SUBSCRIPTION section
