Just Released: "Grocery Retailers in Belarus"
In 2012, the trend for economical consumption continued within grocery retailers, continuing in from a difficult year in 2011. The big national currency devaluation caused by high inflation in Belarus in 2011 at 120% led to a significant decline in the disposable incomes of the majority of Belarusians, making them much more cautious in their spending habits. The situation in the economy improved in 2012, and hyper-inflation was stopped. However, the inflation in 2012 stands at 19%, according to...
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