New Market Research Report: Spain Food & Drink Report Q2 2013
Private consumption in Spain contracted by 4.0% y-o-y in Q312, against the backdrop of weak consumer and investment spending. This trend will continue in 2013 and 2014, as consumer confidence is damaged by the bleak economic headlines and ongoing political instability. With unemployment reaching 26% in January (55% for those aged 16-25) and a lack of a well-articulated plan for resolving the European sovereign debt crisis increasing fears of future job security, Spanish consumers are becoming increasing wary of spending....
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