Economist: Markets will face a re...

Economist: Markets will face a recession during Eid due to weak purchasing power

My FX Buddies por Tish Washington
T5 · E42
14 mar 2025
33:31

Notas del episodio

Economist: Markets will face a recession during Eid due to weak purchasing power

link to My FX Buddies Blog https://www.myfxbuddies.com/2025/03/economist-markets-will-face-recession.html

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Economic expert Salah Nouri predicted that market activity would be limited as Eid al-Fitr approaches, explaining that this is linked to the scale of citizen demand, which directly depends on purchasing power. Nouri explained in an interview with Al Furat News Agency that "most citizens are low-income, low-level employees, and covered by social welfare, which affects the level of spending in the markets." He also predicted that "the dollar exchange rate will decline on the parallel market in the coming period, due to low demand for purchases."

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