Study shows deep impact of capital controls on retail sector

Photo by MacroPolis
Photo by MacroPolis

A study published by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) highlights the devastating impact on retail sales from the imposition of capital controls.

The study revealed that clothing and footwear suffered the most as the drop in their turnover was more profound, down 80 percent in July and 60 percent in August.

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