GKI-Erste economic sentiment index reached its lowest level in the past two years

In December, after an almost continuous decline of ten months, GKI-Erste economic confidence index adjusted for seasonal effects fell to its biannual low. According to the empirical survey conducted by GKI with the support of the EU consumer expectations have been declining for more than a year, whereas business expectations have stagnated since October after sharp deterioration lasting for eight months.

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