Economists forecast a long-term decline in demand for some consumer goods

Economic and political factors – double-digit inflation, rising interest rates, high energy prices and the uncertainty surrounding the war in Ukraine – are leading consumers to hesitate in purchasing durable goods in the coming months. This may mean lower demand in such segments as furniture, electronics and household appliances, as well as clothing and footwear. It may be similar on the markets of other EU Member States. This is bad news for Polish companies in the durable consumer goods segment, which have a strong position on the European market and potentially have a lot to lose.

"Last year we saw a significant increase in demand for consumer goods. This was especially visible at the end of the year, many product categories saw increases in sales. This year we expected that this demand would shift a bit towards services and that areas such as tourism, hospitality and hospitality would increase. But at the moment we are seeing a certain decline in activity and demand, of course due to factors around us, most of all inflation, which scares us all. This is impressive, and at the same time it causes a certain willingness to spend money in areas that are not essential to life," Sławomir Bąk, member of the board of Allianz Trade, assessed.

(Newseria)