Expectations of A continued recession in the markets during the two months
Sudan Events -Nahid Oshi
Atbara Chamber of Commerce expected that the coming period will witness a recession in the markets and a weakness in purchasing power.
Secretary-General of Chamber of Commerce, Saif al-Din Muqalled, said that we expect that during the coming two months, the commercial movement will witness a recession, especially after Eid al-Adha, as families have exhausted all savings.
He added in his statement to “Sudan Events ” that three months ago, the focus was on providing the needs of the holy month of Ramadan of consumer goods, then the requirements of Eid al-Fitr, and after that Eid al-Adha, in light of the current situations and the state of war that the country is experiencing and the large displacement operations have affected purchasing power during this period.
He said that in the normal situation, after Eid al-Adha, there is a recession that lasts for two months after the holiday.
With the presence of large numbers of expatriates in the city of Atbara, the markets witnessed a great commercial movement and during that period, all the savings of families were consumed, as the quantities of goods and commodities that flowed into the markets during that period were above the savings absorption, particularly since the expatriates had exhausted all the savings, in addition to the difficult economic conditions and the irregularity of salaries for those who joined some of the institutions in the state, which affected the purchasing power.
During Eid al-Adha, the prices of the sacrifice were high, between SDGs 300-500,000 , which exhausted all the savings and the stagnation movement began before and after Eid.
Muqalled expected that there would be a stagnation during the next two months until families regained their saving health. Purchasing power.
He said that now the consumer is outside the shopping circle, and added that after the increase in migration to neighboring countries, the markets witnessed a weakness in purchasing power.
